Trinity Mirror Plc has bought Globespan Media Ltd. for up to 5.9 million stg. – an initial 0.9 million stg and a deferred amount of up to 5 million stg on the condition of achieving specified operating profits over during the next 30 months.

The newspaper group has said it expects Globespan's revenues to hit at least four million stg in the first year of ownership, Thomson reported Thursday.

Globespan will be integrated with Trinity Mirror's Smart Media Services, a web property business, according to Thomson.

“Globespan strengthens our regional network of over 80 local property sites and enables us to achieve faster growth of market share in the online property sector,” Trinity Mirror chief executive Sly Bailey is quoted by Thomson as saying.