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Article: Independent News & Media (UK) buys Belfast Telegraph

Article from:
The Independent (London, England)
Article date:
March 18, 2000
Author:
Copyright

INDEPENDENT NEWS & Media, publishers of The Independent and The Independent on Sunday, yesterday secured the purchase of the Belfast Telegraph from Trinity Mirror for pounds 300m.

The sale of Belfast Telegraph Newspapers Ltd (BNTL), which also publishes Sunday Life and Farm Trader and has a fast-expanding online division, was imposed upon Trinity Mirror last year as a condition of its pounds 1.3bn merger gaining UK regulatory approval.

"It's a very strong metropolitan newspaper franchise," said Brendan Hopkins, managing director of Independent News & Media UK. "It's got terrific upside and Northern Ireland is beginning to show strong economic expansion."

News of the sale sparked ...

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