Trinity Mirror said it was confident its purchase of the Express and Star newspapers did not harm competition or media plurality after the government ordered regulators to examine the deal.
The government has directed regulators to examine whether Trinity Mirror's £126m purchase of the Express and Star newspapers is in the public interest.
The UK's competition watchdog on Wednesday said it was launching a formal investigation into Trinity Mirror's £126m purchase of Northern & Shell's Express and Star newspapers.
Trinity Mirror reported falling revenues and an upcoming rebrand on Monday as the publisher released its financial results for 2017.
Daily Mirror publisher Trinity Mirror has agreed to acquire a portfolio of newspaper and magazine titles from Northern & Shell, including the Daily Express, Daily Star and OK! magazine for a total of £200m, including payments to pension schemes.
Trinity Mirror said it was making "good progress" with talks to acquire the Daily Express and Daily Star and that digital revenues had risen in the fourth quarter but overall sales were lower.
It felt like a revolution. They came from all over the country and all walks of life. Young and old, opposition activists and party apparatchiks, white farmers and black war veterans, housewives and their maids. For years many of them had been on opposing sides, but yesterday they had one common objective. "Mugabe must go!" read the banners as thousands of Zimbabweans filled the streets of Harare draped in their red, yellow, green and black flag, playing music, dancing and hugging strangers. - The Sunday Times
Trinity Mirror has announced Nick Prettejohn will take over as chairman next year as the newspaper group seeks to manage falling circulations and a phone-hacking scandal.
National and regional news publisher Trinity Mirror announced on Monday that it had made good progress against its strategic initiatives as it continued to deliver strong cash flows in its third quarter of trading.
National and regional publisher Trinity Mirror has reached an agreement with Steve Coogan for a six-figure pay-out over charges that journalists at the Mirror had allegedly hacked the comedian's phone.
Trinity Mirror, the owner of the Daily Mirror newspaper, is in talks to buy the entire publishing assets of Richard Desmond's Northern & Shell business, which controls the Daily Express, Daily Star and OK! Magazine.
Trinity Mirror boasted continued progress with its strategy of growing digital sales and said results would be in-line with expectations despite continued declines in print advertising and circulation revenues.
Trinity Mirror, the UK's largest local newspaper group, reported a jump in full-year profit and revenue, thanks in part to its acquisition of Local World.
Trinity Mirror confirmed it is in the "early stage of discussions" with Richard Desmond over a potential investment in some assets of his Northern & Shell business, which controls the Daily Express, Daily Star and OK! Magazine.
Richard Desmond may sell his Express and Star newspapers to a company set up by ex-Trinity Mirror, Local World and Mecom newspaper magnate David Montgomery, according to reports on Tuesday.
Numis reiterated a 'buy' rating and target price of 210p on Trinity Mirror after the British newspaper publisher reported an "encouraging" trading update on Friday.
Trinity Mirror expects group revenue to fall in the fourth quarter, reflecting a slump in print advertising sales.
Daily Mirror publisher Trinity Mirror reported a jump in first-half pre-tax profit on Monday, thanks in part to its acquisition of news publisher Local World last November.
In a trading update for the four months to the 1 May, Trinity Mirror said it was calling time on The New Day just nine weeks after its launch, citing disappointing sales.
The UK Supreme Court has rejected Trinity Mirror's challenge to reduce the £1.2m damages that were awarded to eight phone-hacking victims.