Mr Fox, who joined last month from music retailer HMV, said all the newspapers were facing the same fundamental problems and that he wanted to draw a line under the Daily Mirror publisher’s “scattergun” digital strategy.
The business publishes 130 regional newspapers, including the Manchester Evening News and the Liverpool Echo, which have seen their revenues battered over the last decade as print circulation has declined. These will now be part of the same unit, alongside the Daily Mirror, the Sunday Mirror and The People, overseen by the group’s national newspaper chief, Mark Hollinshead.
Georgina Harvey, the longstanding managing director of the regional titles, has been made redundant as part of the restructure.
Mr Fox said there was an urgent need for change. “What I have largely seen is a scattergun approach to digital which has neglected the development of our core newspaper brands,” he said in an email to staff.
“I am not looking for 'quick fixes’ but for strategies, which address the structural changes in our industry...what we are experiencing are continued circulation declines and even faster reductions in advertising revenues.”
Trinity Mirror’s share price has slumped by more than 90pc over the last decade, thanks to a steady loss of subscribers and advertising revenues. Last year, the company reported a 40pc fall in pre-tax profits to £74m, and a 2pc drop in revenues to £746m. Its then chief executive, Sly Bailey, stepped down in May in an attempt to see off a shareholder revolt.
Mr Fox’s decision to bring the regional and national operations closer together will surprise many analysts, who expected his arrival at Trinity to herald a break-up of the business.
The former retailer attempted to manage HMV’s ongoing decline by selling off the Hammersmith Apollo concert venue and its stake in the online book publishing platform, Anobii.