Daily Mail owner seals £500m deal for The Telegraph Media Daily Mail owner DMGT has struck a £500m deal to buy the Telegraph Media Group, drawing a line under one of the most drawn-out and politically fraught takeover battles in the British press. The publisher has entered an exclusive period of talks with RedBird IMI, the Abu Dhabi-linked fund whose own attempt to buy the [...]
Daily Mail owner moves assets offshore ahead of Budget Business The owner of the Daily Mail has moved hundreds of millions of pounds worth of assets to its newly created offshore parent ahead of the November Budget, City AM has found. Daily Mail and General Trust (DMGT), which owns a host of publications including The Daily Mail, Mail on Sunday and the I newspaper, sold [...]
ITN: Profit slashed at ITV, Channel 4 and 5 news giant Media Profit at ITN, the organisation which powers ITV News, Channel 4 News and 5 News, was slashed almost in half in 2024. The business has reported a pre-tax profit of £779,000 for its latest financial year, down from the £1.4m it posted for 2023. The total for 2023 was also significantly down from the £8.9m [...]
Sky News has set off on a premium-first direction. Will it work? February 3, 2025 As a phalanx of well-tailored media executives sipped on lukewarm white wine and flicked slivers of smoked salmon onto their plates, David Rhodes set out his philosophy for running one of the largest news organisations in the world. “You have to believe that the basic journalistic activity that you’re doing has value,” the Sky News [...]
Daily Mail announces further round of job cuts January 31, 2025 The owner of the Daily Mail has told staff to expect another round of redundancies as it finalises its overhaul to make the outlet operate as one seven-day operation across online and print. In a letter to the news outlet’s employees on Thursday co-authored by the Daily Mail’s editor-in-chief, Ted Verity, and the chief executive [...]
BBC cancels Boris Johnson interview after notes shared October 3, 2024 Boris Johnson’s prime-time interview with the BBC has been cancelled after briefing notes were shared with him by presenter Laura Kuenssberg “by mistake”. The former Prime Minister was meant to be interviewed by the former political editor in his first major sit-down since leaving office, to be broadcast on BBC One at 7.30pm on Thursday, [...]
Daily Mail owner pulls out of Telegraph race due to ‘overly restrictive’ new rules July 11, 2024 Daily Mail owner DMGT has pulled out of the race to own the Telegraph conceding that it would become embroiled in a protracted and knotty process with competition authorities, blaming to updated governing rules and the "new government".
Private school VAT furore shows just how much help our state schools need June 27, 2024 VAT on private schools has been slated as a "tax on aspiration" - but why don't we focus on making state education aspirational?
Losses balloon to £44m at Daily Mail, Mail on Sunday and The i April 30, 2024 All of the Daily Mail, The Mail on Sunday and The i sold fewer copies in 2023 than in 2022, while Mail Online saw a decline in visitors.