Richard Desmond Richard Desmond poised to seal £125m Express newspapers sale Billionaire close to agreeing sale of OK! and news titles after progress in pension talks The sale of the Express and Star newspapers, plus OK! Desmond has been in talks with Trinity Mirror, the publisher of the Labour-supporting Daily and Sunday Mirror titles, to offload his Brexit-backing titles since autumn. Express Newspapers had a £19m pension deficit in 2016, with Desmond paying £11m annually until 2020. And in 2000, Desmond announced himself as a national newspaper magnate by buying Express Newspapers for £125m.

Source: The Guardian February 04, 2018 16:52 UTC