Trinity Mirror chief defends failure of Midlands sale

Trinity Mirror chief executive Sly Bailey has defended the newspaper group's failure to offload its Midlands titles, saying shareholders will support the decision not to sell at just any price.

The publisher of the Mirror announced today that it was selling the Racing Post for £170m to Irish private equity firm FL Partners but it was keeping its regional newspapers in the Midlands, including the Birmingham Post and other titles in the south-east.

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