National World ‘exploring Reach takeover’

National World ‘exploring Reach takeover’
Today's front pages of The Daily Mirror and Daily Express (image from Newsworks)

Regional publisher National World is reportedly in the early stages of exploring a cash offer to buy Daily Mirror owner Reach.

National World is owned by media executive, investor, and former editor David Montgomery.

Montgomery previously worked as chief of Mirror Group from 1992-1999 following the death of previous owner Robert Maxwell. He was forced to resign over highly publicised disagreements with Mirror Group’s board and non-executive chairman Sir Victor Blank.

National World currently publishes titles such as The Scotsman and The Yorkshire Post. The publisher said it had not officially reached out to Reach regarding a possible offer.

The board of Reach, which now operates The Daily Mirror and Sunday Mirror, as well as other tabloids like The Daily Star and Daily Express, confirmed in a statement this morning that it has not received an approach from National World, and that it will issue a further statement “if and when appropriate”.

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