UK: publisher goes after online acquisitions
Posted by John Burke on May 10, 2006 at 11:46 AM
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
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