Axel Springer’s Telegraph takeover given government green light Media The years-long saga over the Daily Telegraph’s ownership is poised to reach a conclusion, after the government announced it had approved Axel Springer’s offer for the broadsheet newspaper. The German publishing giant, which owns Politico, Business Insider and the Bild tabloid, said on Tuesday that Britain’s Department for Culture, Media and Sport had given it [...]
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 [...]
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 [...]
Sir Paul Marshall pulls out of race to own Telegraph September 29, 2024 Sir Paul Marshall has not submitted a formal offer for the Telegraph despite being regarded as one of the auction's front-runners.
CVC: Private equity beast behind La Liga and Six Nations mulls bid for The Telegraph July 17, 2024 The private equity backer of La Liga and the Six Nations rugby tournament is weighing up a bid for The Telegraph.
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".
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.
Media giants wading into startup investing is a sign of things to come April 10, 2024 As traditional advertising revenues decline or come under threat, Jess Jones explains why more major media groups are pivoting towards the world of start up investing
Printing merger between Sun and Daily Mail owners waved through by competition authority March 21, 2024 Plans by the publishers of the Sun and Daily Mail plans to combine their print operations have been waved through by the Competition and Markets Authority (CMA).