View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. News
July 6, 2008

Trinity Mirror responds to pension fund concerns

By paulmcnally

Trinity Mirror has insisted it can still afford to prop up its £1.5bn pension fund and has no plans to sell it on.

The beleaguered regional newspaper group – which issued a profit warning on Monday – has told the Times that City concerns that it is having trouble keeping up pension payments are unfounded.

Trinity Mirror’s share price fell 2.5p on Friday to 91.5p after investment bank UBS slashed its target share price and encouraged investors to sell.

Johnston Press also lost 4p, down to 31.5p as rumours abound that the group will follow Trinity Mirror and issue a profit warning in the coming weeks.

Content from our partners
MHP Group's 30 To Watch awards for young journalists open for entries
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network