The strong results come two weeks after Trinity Mirror's former chief executive Sly Bailey stood down.
Trinity Mirror's main national titles are the Daily Mirror, Sunday Mirror and The People.
It is also expected to be headed by former Trinity Mirror chief executive David Montgomery.
Four jobs will go from Trinity Mirror's Daily Post in Llandudno Junction, which covers north Wales.
Trinity Mirror's shares have fallen a total of 30% in the last week and a half.
Owner Trinity Mirror said it was "not going to dignify this with a comment".
The Pensions Regulator has not yet approved this cut in Trinity Mirror's reduced contributions to the scheme.
Its publisher Trinity Mirror will axe a total of 92 jobs, but create 52 across Wales and England.
Shares in Trinity Mirror slid 16% on Friday as the media group's newspapers face allegations of phone hacking.
Earlier this month London police arrested a former reporter for Trinity Mirror's Daily Mirror newspaper on suspicion of bribery.
Her departure followed shareholder anger over Ms Bailey's pay package, and Trinity Mirror's share price falling by 90% over five years.
Other big shareholders in Local World will be the Yattendon group - the current owner of Iliffe - and Trinity Mirror.
Newspapers within the Trinity Mirror stable in the past have expressed alarm at the trend of companies closing final salary schemes.
Trinity Mirror then announced it was working on forming a new company comprising the assets of Northcliffe and of Iliffe News and Media.
On Monday, Trinity Mirror Group announced that from November the Cardiff-based evening newspaper, the South Wales Echo, will be published overnight from 3 November.
Trinity Mirror has said it is discussing plans for the creation of a new local newspaper group with the owner of the Daily Mail.
Trinity Mirror said it was in talks over taking a minority stake in the new firm, but added that "no offer has been made".
Sly Bailey, chief executive of Trinity Mirror, is stepping down with immediate effect, the newspaper group has said, six months sooner than expected.
The police didn't name the journalists, but a Trinity Mirror spokesman confirmed that one was Justin Penrose, a crime reporter for the Sunday Mirror tabloid.
Simon Edgley from publishers Trinity Mirror Southern said local authorities were competing for advertising space without having to run a business on a commercial basis.
Tom Mockridge, who took over from Rebekah Brooks as chief executive of News International last July, and Trinity Mirror chief executive Sly Bailey will also appear.
The big players in regional media Johnston Press, Newsquest, Northcliffe Media and Trinity Mirror, which between them control around half the market grew swiftly during the boom years.
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The problem is that other newspaper companies, especially Trinity Mirror, have rushed into the vacuum created by the disappearance of NotW and its 2.6 million weekly copies.
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Dr Andy Williams from the Cardiff School of Journalism agreed that Trinity Mirror "had been making pots of money but hasn't been reinvesting it into the newsroom".
Not only that, but in the U.K. six companies this year failed to receive majority support for their pay programs, including WPP, Trinity Mirror, and Cairn Energy.
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Trinity Mirror's share price was down 1.9% in mid-morning trading.
Trinity Mirror, which owns Mirror Group, has declined to comment.
Meic Birtwhiste from the NUJ also called for Chief Executive of Trinity Mirror Sly Bailey to be held accountable and urged the committee to take evidence from the company.
Trinity Mirror, owner of the Daily Mirror, Sunday Mirror, The People and more than 100 regional titles, has reported a 65% fall in profits this morning, says the Guardian.
Last week, Trinity Mirror also announced the closure of a north Wales paper, the Wrexham Chronicle, along with two others over the English border, the Mid-Cheshire Chronicle and the Whitchurch Herald.
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