The group has been under mounting pressure from shareholders and investors to halt the ad and circulation slump at the Daily Mirror and The People. One plan proposes splitting Trinity Mirror's national and regional titles, which include The Western Mail and Liverpool Echo, into two separate companies.
Trinity Mirror will be holding a board meeting on Wednesday with the aim of drawing to an end months of uncertainty over the future of the group's key assets. Part of that uncertainty includes an unspecified number of senior-level job cuts.
Thursday's statement, which coincides with Trinity Mirror's trading update, is part of a four-month strategic review of the group, which is being conducted by investment bank NM Rothschild.
According to reports, Trinity Mirror could also be open to offers for Racing Post, estimated to be worth around £300m, but no firm details over the future of individual titles will be clear until after Wednesday's board meeting.
Trinity Mirror publishes 240 UK regional titles, along with the Daily Mirror, The Sunday Mirror and The Daily Record. Any decision to split the group's national and regional newspaper businesses would effectively turn back the clock to 1999, just prior to the £2bn merger of the two divisions.
There has been speculation for some time that Trinity Mirror would consider selling off its titles, in order to increase the shareholder value of the business.
US shareholder Tweedy Browne, one of Trinity Mirror's biggest investors, called for a break up of the group in 2004.
Last month, millionaire businessman Marcus Evans renewed his interest in the Daily Mirror by bidding £550m for the title, having previously offered between £700m and £800m in 2004.
Circulation at The Mirror, which fell by 6% to 1,549,573 in the year-on-year ABCs for November, and The People, which dropped by 3.12% to 764,409, has disappointed shareholders. However, the figures are part of an industry-wide decline, which has also led to notable year-on-year losses at News International, The Express Group and Telegraph Group.
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