Assets identified for possible sale include Mirror Group's stake in Scottish Media Group regional publisher and its Live TV cable television station.The company also said that it hoped to sell its former headquarters in Holborn, Central London.

Mirror Group said that competing takeover bids from Trinity and Regional Independent Media Group had both been rejected as "inadequate and failing to offer a suitable premium for control".

On Monday, Trinity tabled an offer of 210 pence per share, or 960 million pounds(1.42 billion euros, $ 1.54 billion) for Mirror Group. Assets of the group I nclude The Mirror mass-circulation tabloid, its Sunday sister paper and a string of local titles.

Regional Independent Media (RIM), a local newspaper publisher, had made an offerof 200pence per share.

Mirror Group said that it hoped to sell its 18.6-per cent stake in Scottish MediaGroup for at least 105 million pounds ($168 million, 155 million euros) wit hin the next two months.

It said that it had already received bids for its Live TV venture.The announcements came as the company unveiled pre-tax profits before exceptionals of 100 million pounds for the 53 weeks to January, compared with 92 million for the previous year.

Turnover rose to 697 million pounds from 559 million pounds and the company board recommended a full-year dividend payment to shareholders of 5.3 pence from 5.0 pence.

The results were at the top end of analysts' expectations.

Chief executive, John Allwood, said in a statement: "These results demonstrate The underlying strength of Mirror's businesses. We have been able to increase profit s whilst investing in the highly successful rejuvenation of the Mirror."

In January, Mirror Group's then chief executive, David Montgomery, resigned amid a bitter boardroomtrist after losing the confidence of dominant shareholders over his handling of the takeover bids.