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Daily Mail and General Trust

Daily Mail and General Trust (DMGT) is a British multinational media conglomerate, the owner of the Daily Mail and several other titles. The 4th Viscount Rothermere is the chair and controlling shareholder of the company.[2] The head office is located in Northcliffe House in Kensington, London. In January 2022, DMGT delisted from the London Stock Exchange following a successful offer for DMGT by Rothermere Continuation Limited (RCL).[3][4]

History

The group traces its origins to the launch in 1896 of the mid-market national newspaper the Daily Mail by Harold Harmsworth (later created, in July 1919, The 1st Viscount Rothermere) and his elder brother, Alfred.[5] It was incorporated in 1922 and its shares were first listed on the London Stock Exchange in 1932.

The 1st Viscount Rothermere's son, Esmond, took operational control of the organization in 1932 and complete control in November 1940, when his father died.[6]

Vere Harmsworth became the Chairman of Associated Newspapers in 1970.[7] Upon the death of his father in July 1978, he succeeded as The 3rd Viscount Rothermere and became chair of parent Daily Mail and General Trust plc.[8]

After almost 100 years in Fleet Street, the company left its original premises of New Carmelite House in Fleet Street in 1988 to move to Northcliffe House in Kensington.[9]

Jonathan Harmsworth, 4th Viscount Rothermere became the chairman of DMGT on his father's death in September 1998.[10] He increased his voting interest in DMGT, held through RCL, from 59.9% to 89.2% in July 2013 by buying out a stake from his relatives.[11]

From 2011 to 2015, DMGT owned the e-commerce deal of the day company Wowcher (founded 2009), subsequently sold for £29m.[12] In 2012, DMGT used its 55% controlling share to merge the Digital Property Group – consisting of the lettings websites FindaProperty (purchased 2004), PrimeLocation (purchased 2006) and SmartNewHomes – with Zoopla,[13][14] and as of 2014 had a 52% stake in Zoopla Property Group, valued at £478m;[15] it sold its then 29.8% stake for around £640m to Silver Lake Partners in 2018.[13]

In 2019, DMGT joined the Belt and Road News Network.[16]

In December 2021, Rothermere was able to purchase the remaining shares in DMGT for £885m and take the company private.[17]

In 2023, DMGT invested in Hexagon Cup, a Madrid-based padel competition.[18]

Divisions

Consumer Media

DMG media is the media subsidiary of DMGT and publishes the following titles:

London's Evening Standard was owned by DMGT until it was sold to Alexander Lebedev in January 2009. DMGT still maintains a 5% share.[25]

In August 2023, DMGT confirmed its interest in acquiring the Telegraph Media Group. The TMG hosts a rival to the Daily Mail, the Daily Telegraph.[26]

  • Daily Mail – DMG media's primary national newspaper, with specific editions for Scotland (Scottish Daily Mail) and Ireland (Irish Daily Mail).
  • The Mail on Sunday – The sister paper of the Daily Mail, published weekly on Sundays. First published in 1982.[19]
  • Ireland on Sunday – Associated Newspapers took over the publishing of Ireland on Sunday in 2001. The title was re-launched in April 2002 to coincide with the move to its new offices in Ballsbridge, Dublin. It included TV Week and in September 2006 it was merged with the Mail on Sunday and became the Irish Mail on Sunday.[20]
  • i now The i Paper – National newspaper originally launched as a sister paper to The Independent. Bought in November 2019 for £49.6 million.
  • Metro – Metro is a national newspaper. Launched in March 1999 as a free, stapled newspaper, it was distributed initially in London. But since has been published every weekday morning, around Yorkshire, the North West, Newcastle and the North East, the East Midlands, Bristol, Birmingham, Liverpool, Cardiff and Scotland.[21]
  • Metro.co.uk is a UK-based online newspaper. Originally created in 2002 as the digital counterpart to the print Metro, it now operates as an independent publication within the DMG group, attracting a daily audience of over 1.6 million.[22]
  • MailOnline is one of the world's most popular English-language newspaper websites[23]
  • New Scientist – a weekly magazine focusing on science and technology. Bought in 2021 for £70 million.[24]

Property information

In the UK, Landmark Information Group includes Landmark and SearchFlow and provide information for property transactions. Trepp is a data provider for the US Commercial Real Estate Market.

Corporate services

DMGT ventures is the venture capital arm of DMGT. Investments include used-car platform Cazoo, property investment platform Bricklane, and will-writing platform Farewill.[27][28][29]

Head office

The head office is located in Northcliffe House in Kensington, London Borough of Kensington and Chelsea.[30][31] In addition to housing the DMGT head office, the building also houses the offices of The Independent, i, Daily Mail, Mail on Sunday, Evening Standard, Metro and Metro.co.uk.[31]

See also

External links

References

  1. https://find-and-update.company-information.service.gov.uk/company/00184594^
  2. Rothermere: 'DMGT remains committed to journalism' Press Gazette, 21 January 2009^
  3. James Warrington. Lord Rothermere wins bid to take Daily Mail owner private The Telegraph, 2021-12-16, retrieved 2022-10-28^
  4. Victory for Lord Rothermere: End of an era as Daily Mail group exits London Stock Exchange after listing nine decades ago in 1932 CityAM, 2021-12-22, retrieved 2022-10-28^
  5. Harold Harmsworth, 1st Viscount Rothermere, Oxford Dictionary of National Biography^
  6. Lord Rothermere, of Fleet Street, Dies The Washington Post, 13 July 1978^
  7. Sarah Lyall. Lord Rothermere, Press Giant, Is Dead at 73 The New York Times, 3 September 1998^
  8. Michael Leapman. Obituary: Viscount Rothermere The Independent, 3 September 1998^
  9. Newsmen say farewell to Fleet Street London Evening Standard, 17 June 2005, retrieved 16 April 2016^
  10. Profile: Lord Rothermere, Jonathan Harmsworth BBC, 4 October 2013^
  11. Gideon Spanier. Rothermere buys rights to beef up control of DMGT The Independent, 1 July 2013^
  12. Mark Sweney. Daily Mail owner sells daily deals business Wowcher for £29m The Guardian, 26 November 2015, retrieved 2025-05-29^
  13. Cat Rutter Pooley. DMGT in line for windfall from sale of Zoopla owner to Silver Lake Financial Times, 11 May 2018^
  14. Zoopla, Uswitch and Primelocation owner ZPG sold for £2.2bn BBC, 11 May 2018^
  15. Sean Farrell. Zoopla float to value property website at £919m The Guardian, 18 June 2014, retrieved 8 September 2014^
  16. Belt and Road News Network First Council Meeting Joint Statement Belt and Road News Network, April 25, 2019, retrieved 2022-09-12^
  17. Alistair Gray. Rothermeres take back Daily Mail publisher Financial Times, 16 December 2021^
  18. Josh Noble. Daily Mail publisher invests in fast-growing sport of padel Financial Times, 2023-10-10, retrieved 2023-10-24^
  19. National newspaper circulation December 2007 The Guardian, Guardian Media Group, retrieved 2008-04-12^
  20. Nuala Haughey. Founding editor of 'Ireland on Sunday' resigns The Irish Times, retrieved 2016-04-16^
  21. Oliver Luft. Metro newspaper celebrates 10 years of publication The Guardian, Guardian Media Group, 2009-03-16, retrieved 2015-05-15^
  22. November 2016 Main view abcdata.org.uk, Audit Bureau of Circulations^
  23. Mark Sweney. Lord Rothermere ups bid in attempt to take Daily Mail publisher private The Guardian, Guardian Media Group, 2021-12-02^
  24. Mark Sweney. Daily Mail owner buys New Scientist magazine in £70m deal The Guardian, Guardian Media Group, 2021-03-03, retrieved 2021-03-03^
  25. Newspaper shares climb as DMGT confirms deal talks Evening Standard, 2012-10-29^
  26. Daniel Thomas. Daily Mail owner confirms interest in Telegraph auction Financial Times, Nikkei Inc., 2023-08-13, retrieved 2023-08-14^
  27. Farewill Raises £7.5M in Funding Finsmes, 2019-01-22, retrieved 2020-07-10^
  28. Ingred Lunden. Cazoo, the used-car sales portal, raises another $116M Tech Crunch, 2020-03-23, retrieved 2020-07-10^
  29. Manoj Ranaweera. Bricklane secures £4.7 million Series A investment led by A/O Proptech and DMG Ventures UK Tech Investment News, 2019-10-01, retrieved 2020-07-10^
  30. "Contacts ." Daily Mail and General Trust. Retrieved 6 September 2011. "Northcliffe House 2 Derry Street London W8 5TT Great Britain"^
  31. Ponsford, Dominic. "Sharing with Mail 'will safeguard future of Independent' ." Press Gazette. 28 November 2008. Retrieved 6 September 2011. "Under a deal signed today, the Independent titles will share back office functions with the Daily Mail, Mail on Sunday, Metro and Evening Standard at Northcliffe House in Kensington."^