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Mirror Group has acquired the Derry Journal newspaper in Northern Ireland for £18.2m, as part of a strategy to strengthen its position in regional newspapers.

Mirror Group is selling its 46% stake in The Independent to Independent Newspapers for £3m, but will retain a contract to print and distribute the newspapers for the next five years.

Mirror Group is acquiring Midland Independent Newspapers for £297m, making it a major force in regional newspapers.

Mirror Group's Live TV cable television station is planning to launch a number of new stations over the next year with the creation of over 200 jobs.