After the high-profile merger of publishing giants Penguin and Random House comes a development in regional news with a significance that belies its parochial implications. Former Mirror Group chief executive David Montgomery is reportedly involved in talks to consolidate the local news assets of Northcliffe Media (regionals arm of the Daily Mail & General Trust), Trinity Mirror and Iliffe News and Media (parent company Yattendon Group) within his own venture, Local World, which he would lead, and of which he would be a part stake-holder. Such a scheme would not only provide evidently beneficial economies of scale, but would combine the number one, four and eleven publishers in UK regional news in an industry that is barely keeping its head above water.
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