Trinity Mirror has announced that they have made an offer to buy The Daily Star, Daily Star Sunday, Daily Express and Sunday Express. Naturally, it’s all subject to regulatory approval, which in itself is a further hurdle.
The main stay of that business is in the UK and the R.o.I. publishing concerns are a side show at best – for the main players. However for the publishing industry here it could be a game changer.
There’s an agreement (and not a very transparent) between IN&M and Northern and Shell to publish the Irish Daily Star in Ireland (the Island theof). Where now does that stand with the ownership of the title possibly transferring to a rival publishing group?
There may be a clause in that agreement where if sands shift between the parties there would be a buyout clause for the others portion of the business (originally it was a fifty fifty between IN&M and Northern and Shell).
If so, it’s a urinate or get off the pot for both – and, in my view, if there is that clause, it will give IN&M a moment to reflect on its commitment or otherwise on the Irish Daily Star.