Reach sales slump: Mirror, Express and Star publisher says Facebook changes hit digital ads hard Reach News publisher Reach reported a slump in sales for the first quarter of 2023, with digital revenue hit by changes to how Facebook presents its news content, the company said on Wednesday. The publisher — those titles include the Mirror, Express and Daily Star — said revenue fell by 5.9 per cent in the four [...]
Daily Mail publisher DMGT appoints new chief executive weeks after announcing plans to make ‘some reductions’ in staff Tim Collier The Daily Mail’s parent company has announced Tim Collier as its new chief executive. Collier joined the Daily Mail and General Trust (DMGT) in 2017 as its chief financial officer, being at the centre of its decision to go private in 2012. He previously worked as CFO of Thomson Reuters Financial and Risk Business. Earlier [...]
Daily Mail and MoS publisher proposing ‘some reduction’ in staff amid restructuring Job cuts The publisher of the Daily Mail and Mail on Sunday has confirmed some roles at the newspapers are set to be cut amid a restructuring. In an email to staff, Ted Verity, editor of Mail Newspapers, said that parent firm DMGT was proposing “some reduction” in headcount at its print titles. The two papers will [...]
Ex Daily Mail editor made new head of digital-only The Independent January 4, 2023 The Daily Mail and the Mail on Sunday’s former editor Geordie Greig has been appointed editor in chief of digital-only national The Independent. The Independent’s owner IDNML said Greig would be joining the paper with immediate effect. Grieg edited the Daily Mail, which is Britain’s highest circulation newspaper between 2018 and 2022. Before that he [...]
Judge blames Baker McKenzie lawyers charging £800 an hour for ‘disproportionate’ costs budget November 8, 2022 A High Court judge has told Associated Newspapers Ltd to lower a “disproportionate” legal costs budget, in suggesting the Daily Mail owner should reconsider its use of “expensive” lawyers from US law firm Baker McKenzie paid more than £800 an hour. Judge Roger ter Haar KC told Associated Newspapers to revise its £3.18m legal costs [...]
Lord Rothermere to become new chief of Daily Mail publisher following privatisation push September 22, 2022 Lord Rothermere is set take over as chief executive of the Daily Mail publisher in what appears to be the crescendo of the media group’s tumultous few years. Paul Zwillenberg confirmed this morning that he would be stepping down as CEO of Daily Mail and General Trust (DMGT), with the great-grandson of the newspaper’s founder [...]
Daily Mail owner goes private following Rothermere’s triumphant push January 10, 2022 Daily Mail and General Trust (DMGT) has officially delisted and cancelled trading from the London Stock Exchange, following a successful swoop by the Rothermere family.
Victory for Lord Rothermere: End of an era as Daily Mail group exits London Stock Exchange after listing nine decades ago in 1932 December 22, 2021 The Daily Mail’s biggest shareholder – Lord Rothermere – is heading for victory in his bid to take the Daily Mail group private as the company will be delisted from the London Stock Exchange after almost 90 years. The newspaper tycoon made a “final” offer to investors in Daily Mail & General Trust (DMGT) earlier [...]
Rothermere wins battle to take Daily Mail owner private December 16, 2021 The Rothermere family won its latest battle to take the publisher of the Daily Mail and Mail on Sunday private after the owners of 57 per cent of the shares backed their recommended offer.
Largest investor of DMGT backs Rothermere takeover bringing it closer to privatisation December 15, 2021 The largest non-family shareholder in the Daily Mail and General Trust, and co-founder of Lindsell Train, Nick Train has backed the offer from the great-grandchildren of the newspaper’s founders, bringing the group closer to privatisation.