Thursday 17 July 2008

Hard Times for Media Companies in the City

OK not picking on Trinity Mirror but examine following facts.

they own
  • 5 national newspapers - including Daily Mirror, Daily Record
  • 15o regional newspapers including traditional cash cows such as WesternMail, Liverpool Echo and Birmingham Post
  • 200 local press websites
  • And their acquired online portfolio - including Hot Group/Workthing bought for £55m, Email4property, Gaapweb, SecsintheCity, TotallyLegal/TotallyFinancial amd 33% stakeholders in fish4.

And their market capitalisation yesterday was £134m

ouch....

1 comment:

Anonymous said...

nice use of the word 'but' there...