M&A The head of the largest regional newspaper company in the country said on Monday the industry faced “immediate peril” and called on the government to recognise that the current merger regime was obsolete.
Sly Bailey, chief executive of Trinity Mirror, said a recent discussion paper by the Office of Fair Trading on possible changes to competition law was written “in the language of purist competition theory” and did not reflect the urgency of the crisis. In the past week alone 550 jobs had gone in regional newspapers.
