Out With A Bang

Given events that are fast befalling TrinityMirror today…

http://www.pressgazette.co.uk/story.asp?sectioncode=1&storycode=41543&c=1

and, of course, here…

http://www.guardian.co.uk/media/2008/jun/30/trinitymirror.pressandpublishing

and here…

http://blogs.guardian.co.uk/greenslade/2008/06/trinity_mirror_the_end_is_nigh.html

… you do have to wonder just how that all sits with the Newspaper Society’s ‘very upbeat’ view of the world.

The best line came from Citi Investment Research.

“The advertising environment remains volatile and there is no sign of the classified market bottoming yet,” they warned.

“While the new bank facility gives some comfort on the capital structure near term we believe the pension will remain a cause for concern in the longer term. We remain sellers.”

We remain sellers…

Just don’t ask Lord Fowler to buy it.

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