Trinity Mirror sees 24% rise in profits

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Newspaper firm Trinity Mirror has seen annual profit rise 24% after it bought local paper group Local World.

Adjusted pre-tax profit in 2016 was £133.2m, as against £107.5m in the previous year.

Trinity Mirror took control of Local World in October 2015 in a deal worth £220m, making it the UK's largest regional news outlet.

The acquisition more than offset losses incurred by the group's failed national daily, the New Day.

The group said the print market remained "challenging".


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