The Daily Mail and General Trust, one of Britain's largest publishers, is diversifying its online offerings by purchasing a company which runs dating websites as well as a majority stake in a company which runs an automobile classifieds site. DMGT, which has recently experienced a roller coaster ride with its struggling regional newspaper company Northcliffe Newspapers, is following a trend of many publishers such as the New York Times Company in investing in online acquisitions.
Source: Reuters
After having taken
Northcliffe off the block in February,
The Daily Mail and General Trust has announced that it will merge its regional newspaper group with its national newspaper company,
Associated Newspapers. The move also includes the cancellation of plans for a new printing press that will help reduce the regional group's costs by GBP 10 million a year.
