Results matching “daily mail general trus”

Daily Mail and General Trust’s finance director Peter Williams claims that the August re-launch of afternoon freesheet London Lite will not endanger the Evening Standard.  The Standard has lost 7% of its circulation in the past year.

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 

The Edinburgh based Johnston Press, fourth largest regional newspaper publisher in the UK, has purchased the Scotsman newspaper group for 160 million pounds stirling. In addition to its title daily the Scotsman group publishes Scotland on Sunday, The Edinburgh Evening News and the Edinburgh Herald and Post series of free weeklies. 

Following the announcement, by Daily Mail and General Trust, that regional publisher Northcliffe Newspapers is to be sold (see previous posting), staff facing redundancy at The Western Daily Press in Bristol have placed an add on e-bay offering themselves up for auction.

The UK's Daily Mail and General Trust (DGMT) is determined to sell its regional press group Northcliffe Newspapers, publisher of over 100 regional papers across the UK, for a price tag of approximately 1.5 billion pounds sterling. Northcliffe is the largest publisher of regional dailies in the UK.

According to MediaBulletin, "Stephen Glover's plans to launch a new quality tabloid newspaper have been put into question after the City rebuffed his latest fundraising attempts. According to reports, Glover, founder of The Independent and columnist for The Daily Mail and The Spectator, is planning to approach the private equity bidders who lost out in the race for the Telegraph Group. However, these groups, including 3i and Collins Stewart, declined the approach for backing three months ago. According to the Daily Telegraph, Glover has appointed investment firm, Cardona Lloyd, to assist him with fundraising efforts... Insiders claim that private equity groups 3i, Candover and Cinven, as well as stockbroker Collins Stewart and German media firm Axel Springer, will not support the project. The position of Express Newspaper owner Richard Desmond and the Daily Mail & General Trust is unclear, as is that of private equity groups Apax and CVC, which were all in the running for the Telegraph Group."

Source: MediaBulletin