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Daily Mail and General Trust

 
Hoover's Profile: Daily Mail and General Trust plc
(London:DMGT)
Contact Information
Daily Mail and General Trust plc
Northcliffe House, 2 Derry St.
London W8 5TT, United Kingdom
Tel. +44-20-7938-6000
Fax +44-20-7938-4626

Type: Public
On the web: http://www.dmgt.co.uk

If not the "Daily Mail," who can you trust? The Daily Mail and General Trust (DMGT) is one of the UK's largest media holding companies. Its Associated Newspapers group is made up of its century-old flagship paper, the "Daily Mail" (with a circulation of more than 2.1 million) and The Mail on Sunday. Through Northcliffe Media, the company publishes more than 100 local papers across the UK. DMGT's majority-owned Euromoney Institutional Investor publishes some 100 business and finance magazines. In addition, the company owns a 20% stake in Independent Television News, a venture controlled by TV broadcaster ITV. Other subsidiaries include DMG Information (business information) and dmg world media (trade shows).

Key numbers for fiscal year ending September, 2008:
Sales: $4,200.1M
One year growth: (8.2%)
Net income: $0.0M

Officers:
Chairman: Lord Jonathan Harmsworth Rothermere IV
Chief Executive and Board Member: Martin W. H. Morgan
Finance Director and Board Member: J. Peter Williams

Competitors:
Guardian Media
News International
Telegraph Media Group

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Company History: Daily Mail and General Trust plc
Top

Incorporated: 1896
SIC: 6719 Holding Companies Nec

The Daily Mail and General Trust plc is one of the largest media holding companies in the world. With its main office in London, England, the company owns and operates five main groups, including Associated Newspapers, Northcliffe Newspapers, Euromoney Publications, Harmsworth Publishing, and Harmsworth Media. Associated Newspapers publishes the Daily Mail, the Mail on Sunday, and the Evening Standard. Northcliffe Newspapers, one of the largest regional newspaper publishers in Britain, prints 17 daily titles from 25 centers throughout the United Kingdom. Euromoney Publications is one of the leading international business-to-business publishers, with titles in law and tax, energy and transport, and international finance. Harmsworth Publishing is primarily responsible for the company's informational and educational publishing activities, while Harmsworth Media supervises the company's nonpublishing media activities, including network television, cable television, and commercial radio.

The founder of the Daily Mail, Alfred Harmsworth, was born in 1866, near the beginning of what was later to be called the Golden Age of British journalism. Harmsworth's interest in publishing was encouraged by his father, who purchased a printing set for the young boy's seventh birthday. Although young Harmsworth was a sports enthusiast and--as most young men of his upbringing and generation--interested in a great many pursuits, he nonetheless remained enthralled with the world of publishing and during his school years was editor of a weekly magazine in which he wrote a column called "Answers to Correspondents."

After Harmsworth graduated with a university degree, he decided to become a newspaper publisher but in a decidedly different way from all others. There were numerous halfpenny papers published throughout Britain during the latter half of the 19th century, but most of them were printed on cheap paper and written in a dull and wordy manner. Remote from the people, these "halfpenny's," as they were called, did not provide much information for a public that was growing more and more literate and hungry for knowledge about the momentous events happening around the world. With a clear vision and untold amounts of energy, Harmsworth formed a partnership with his brother Harold, later the first Viscount Rothermere, and began working on a bold and radical newspaper, the Daily Mail.

On a spring morning in early May of 1896, Harmsworth shut himself up in his office at 2 Carmelite Street and worked nonstop for the next two days and two nights to write, edit, and produce the first paper in Britain that brought essential information into the homes of working-class people on a day-to-day basis. The initial circulation of the Daily Mail was estimated at 100,000, but by the time the news vendors had sold the final copy of Harmsworth's publication, the Daily Mail had sold out at 397,215 copies. From the very first page, the reading public was enthralled with the Daily Mail. One of the most popular and radical innovations of the new upstart paper was the inclusion of a daily women's page, which not surprisingly attracted intense derision from other newspapers and journals that regarded female readers as beneath journalistic consideration.

Harmsworth is widely regarded as one of the progenitors of modern journalism. He had an uncanny instinct for what was important news and an ability to see the potential in a story even before the events fully unraveled. Harmsworth also displayed an intuitive gift for anticipating public opinion and, in many instances, knew what the public wanted to read in his newspaper. One of the best examples of Harmsworth's talent is illustrated by his persistence in bringing the truth about the Boer War to the people of Britain.

By the beginning of the Boer War in the late 1890s, circulation of the Daily Mail had risen to over one million, higher than any other newspaper in the western world. Harmsworth sent a team of journalists, including Edgar Wallace and George Warrington Steevens, to cover the events and battles between the British soldiers and the Dutch Afrikaners in South Africa. Dispatches from the first female war correspondent, Lady Sarah Wilson, the aunt of Winston Churchill, from the besieged town of Mafeking, brought to the reading public the plight of the British soldier when facing almost insurmountable odds. Yet the British government insisted that all dispatches from South Africa undergo censorship due to the harmful effect military losses might have on public support for the war. In short, Harmsworth was adamant that the truth of what was happening in the Boer War should not be hidden or repressed simply because it was unpleasant.

The British government, forced to listen to the mounting outcry of public opinion, finally relented and agreed to allow one newspaper the right to print uncensored news from the battlefront. After a hotly contested and bitter fight with other newspapers, the Daily Mail finally won the right to print uncensored news from South Africa. Much to the dismay of the government, the Daily Mail published reports which His Majesty's government had been denying for many months. In 1902, at the conclusion of the hostilities between the British and the Afrikaners, the Daily Mail published the terms of the peace treaty as a world exclusive, even before the announcement was made by the British government. From that point onward, the Daily Mail's reputation for exclusive and reliable news, and its championing the cause of the ordinary citizen, was unquestioned throughout the United Kingdom.

From the first day of publication, Harmsworth's Daily Mail was at the forefront of advocating technological advances in the British newspaper industry. Taking advantage of the advances in worldwide communications, the Mail established direct telegraphic contact between its London and New York offices within the first year of operation. From 1905 onward, the paper was printed in Paris so that the Daily Mail could be on Continental breakfast tables ten hours earlier than other British papers which had to be transported across the English Channel. In addition, the offices of the Daily Mail were the first in Britain to install equipment that enabled its staff to develop pictures.

Even more important, the Daily Mail was a strong advocate of technological advances in society at large. The Daily Mail took up such unpopular causes as the utility of the motor car, the installation of telephones in police stations, and the supply of fire brigades with modern emergency and rescue equipment. One of the most significant and far-reaching causes undertaken by the Daily Mail was its support of the infant technology of aviation. To encourage technological advances in flight, the Daily Mail was one of the first newspapers to offer a £10,000 prize to a person who could fly from London to Manchester in one day. Ridiculed by rival newspapers and scorned by high society, most of the landmarks and records set in early British aviation history were a direct response to challenges of the Daily Mail. In 1909, the first Englishman to fly across the English Channel claimed a Daily Mail prize as a reward. In 1910, the Daily Mail sponsored the first airship crossing of the English Channel in order to emphasize the importance of air power in any future conflict with a Continental power such as Germany.

During the years immediately before World War I, Harmsworth began to use the Daily Mail in order to warn the British public about the growing militarization of Germany and the threat she posed to peace in Europe. Campaigning vigorously to change the Seas Laws, which would seriously hamper the effectiveness of British seapower during wartime, Harmsworth and the Daily Mail were not only dismissed but roundly portrayed as engaging in "warmongering." When Harmsworth's predictions came true in August 1914, however, the Daily Mail decided to devote itself to making the public aware of the common soldier's trials and tribulations on the front lines.

By 1915, the Daily Mail was reporting that British soldiers were being butchered by the thousands on the front lines in France, and that one of the reasons for the appalling attrition rate was that the soldiers were supplied with inferior weapons and inadequate ammunition. The "Shell Crisis," as it came to be called, gave rise to an intense confrontation between the Asquith government and the British national press. Harmsworth was hanged in effigy in front of the Daily Mail offices, and copies of the paper were burned by a crowd at the London Stock Exchange. Not the least, circulation declined a million copies in one day. Yet Harmsworth held his ground, and, by the time all of the facts were made public, the Asquith government was forced to resign. David Lloyd George formed a national coalition government and successfully prosecuted the war until its conclusion. Harmsworth and the Daily Mail had extended their influence to the halls of Parliament.

When Harmsworth died in 1922, at the height of his prestige, influence, and fame, he was already dubbed Lord Northcliffe by the King of England. As tributes poured in from around the world, Harmsworth was remembered for his innovative approach to publishing, including the establishment of a paper-making facility in Newfoundland and the retraining of London's hansom cab drivers so they could adapt to driving motor vehicles. Upon Harmsworth's death, his brother Harold, known as Lord Rothermere, took effective control of all the operations of the Daily Mail.

Lord Rothermere continued in the tradition of his brother during the 1930s in trying to warn the British public about the danger of Adolf Hitler's rise to power. As the Daily Mail began to champion Winston Churchill as the one to lead Britain's government in the possible event of a Second World War, the newspaper began to increase its circulation dramatically. When war was declared in September 1939, the Daily Mail strongly supported British military aviation and the creation of the Bristol Blenheim, then the most powerful bomber ever made. The bomber played a significant role in the Battle of Britain and the fight against Germany's Luftwaffe and was the first bomber to sink both German and Japanese submarines.

When World War II ended in 1945, the Daily Mail's circulation continued to rise. Having garnered a sterling reputation for reporting reliable and trustworthy information during both world wars, the Daily Mail renewed its commitment to portraying momentous events with a journalistic flair. One of the newspaper's great foreign correspondents, Noel Barber, became renowned for his elegant anecdotal reports on such topics as the Soviet invasion of Hungary in 1956, where he held a women who died in his arms facing Russian tanks; his visit to the South Pole, where he was the first Englishman to make the trip since Captain Scott; and his coverage of Sir Edmund Hillary's trek up the Himalayas. Throughout the 1950s and 1960s, the Daily Mail set a standard and defined a style of reporting that legions of young reporters around the world tried to emulate.

Over the years, the Daily Mail and its subsidiary, Associated Newspapers, had grown dramatically. The purchase and sale of numerous London and regional publications marked the growth of the company from its inception in 1896. In order to centralize operations and standardize publishing procedures, the company decided to relaunch itself as a compact newspaper in 1971. Under the editorship of Sir David English, who later became the chairman of the company's Associated Newspapers subsidiary, the revised Daily Mail garnered more awards than any other newspaper.

One of these awards came in 1983, when the Daily Mail received one of the special British Press Awards for a "relentless campaign against the malignant practices of the Unification Church." The Daily Mail assumed the responsibility of exposing the brainwashing techniques of the Moonies under the headline: "The Church Breaks Up Families." As a result of its reporting, the Moonies brought a libel suit against the Daily Mail, ultimately leading to the longest libel action in British legal history. In the end, the Daily Mail was vindicated and, as a consequence of the evidence made public at the trial, the Moonies' activities were reviewed by the British government and severely curtailed.

In 1988, the company left its headquarters at Carmelite House on Fleet Street, the traditional site of British publishing companies for hundreds of years, and relocated to new quarters at Northcliffe House in Kensington, West London. As the newspaper offices moved to Kensington, the printing works moved eight miles away to a 12-acre parcel of land at Rotherhithe in London's Docklands. This state-of-the-art printing and distribution facility completed the company's modernization program. The distance that separates the editorial, advertising, printing, and distribution offices are linked together by a highly sophisticated electronic communications systems known as one of the most advanced and also one of the best in the world.

Under the leadership of the present Viscount Rothermere, the great-nephew of the founder, the company has expanded its activities into educational publishing, financial publishing, radio and television. In fact, the age of electronic media has completely changed the face of the British publishing industry. Since its formation in 1969, the company's Euromoney Publications has become one of the leaders in providing electronic business information through its development of various databases, and its website on the Internet. Harmsworth Publishing, the company's information publisher, has created CollegeView, an innovative software program in which colleges market themselves to students at over 4,000 high schools in the United States. In association with this program, two new CD-Rom titles were released, one providing information on careers and the other dealing with scholarships. Perhaps most important is the company's rapid expansion into the television and radio industries. The company owns Channel One, a cable television channel specializing in City news and features, the Arts Channel, a music and arts programming channel, and British Pathe, Britain's leading news film archives from 1896 to 1970. The company's radio holdings include a controlling interest in the Broadcast Media Group, an Australian radio firm that operates 12 regional radio stations in southern Australia, a controlling interest in Klassiska Hits, a radio station in Stockholm, Sweden, and Classic FM, the national classical music station of Britain.

The average daily circulation of the Daily Mail surpassed two million in its centenary year, while the regional publications throughout Britain, under the auspices of Associated Newspapers, continued to grow dramatically. In spite of its success in traditional print journalism, the Daily Mail is committed to expanding its activities in the electronic media field, where Viscount Rothermere believes the future of the industry lies.

Principal Subsidiaries

Daily Mail and General Investments plc; Daily Mail and General Holdings Ltd.; Daily Mail and General Funding (UK) Ltd.; Associated Newspapers Holdings Ltd.; Associated Newspapers Ltd.; Northcliffe Newspapers Group Ltd.; Euromoney Publications plc (73%); Bouverie Investments Ltd.; Continental Daily Mail S.A.; Carmelite House Ltd.; Harmsworth Media Ltd.; Harmsworth Publishing Ltd.; John M. Newton & Sons Ltd.; Kisalfold Deposit Ltd. Partnership; Pressprint Kft.; Associated Newspapers North America Inc.; Daily Mail & General Finance b.v.

Further Reading

Carlisle, Cristina, "The Media Business: What They're Buying in Nine Countries," New York Times, May 27, 1996, p. 32(L).

"Daily Mail & General Trust," Wall Street Journal, March 14, 1996, p. C22(E).

"Daily Mail Gets Stake in British TV Operation," New York Times, April 23, 1996, p. D6(L).

Edmondson, Gail, "Waltz of the Media Giants," Business Week, September 12, 1994, p. 52.

"The Expanding Entertainment Universe," Business Week, August 14, 1995, p. 114.

Farrell, Christopher, "Media Control Is Narrowing: Should We Worry?" Business Week, August 14, 1995, p. 37.

"Multimedia's No-Man's Land," The Economist, July 22, 1995, p. 57.

"Pre-Tax Profit Increases 7% as Sales, Ad Revenues Rise," Wall Street Journal, June 14, 1996, p. A7D(E).

Pruzan, Todd, "Global Media: Distribution Slows, but Rates Climb," Advertising Age, January 16, 1995, p. 119.

— Thomas Derdak


Wikipedia: Daily Mail and General Trust
Top
Daily Mail and General Trust plc
Type Public (LSE: DMGT)
Founded 1922
Headquarters London, England, UK
Key people Viscount Rothermere, Chairman
Martin Morgan, CEO
Industry Newspapers
Radio
Websites
Revenue £2,311.7 million (2008)
Operating income £58.2 million (2008)
Net income £16.8 million (2008)
Employees 17,925 (2008)
Website www.dmgt.co.uk

Daily Mail and General Trust plc (LSE: DMGT) is one of the Europe's largest media companies and has interests in national and regional newspapers, television and radio. The company has extensive activities based outside the UK, through Northcliffe Media, DMG Radio Australia, DMG World Media, DMG Information. Its biggest markets apart from the UK are in the United States, eastern Europe, and Australia. In June 2006 the company was relegated from the FTSE 100 index into the mid-cap FTSE 250 Index,[1] although it was promoted back into the FTSE 100 in March 2007.[2] DMGT was again demoted to the FTSE 250 in December 2007.

Contents

History

Northcliffe House, DMGT headquarters

The group can trace its origins back to launch of the mid market national newspaper the Daily Mail in 1896, but it was officially incorporated in 1922 to control Associated Newspapers Holdings expanding interests. Daily Mail and General Trust plc was fully incorporated in 1922 and its shares were first listed on the London Stock Exchange in 1932. In 1922 Lord Rothermere acquired control of the Daily Mail newspaper and to this date, Rothermere's descendants continue to control the Daily Mail and General Trust. Rothermere and the Mail were editorially sympathetic to Oswald Mosley and the British Union of Fascists and he wrote an article, "Hurrah for the Blackshirts", in January 1934, praising Mosley for his "sound, commonsense, Conservative doctrine". Rothermere visited and corresponded with Hitler. On 1 October 1938, Rothermere sent Hitler a telegram in support of Germany's invasion of the Sudetenland, and expressing the hope that 'Adolf the Great' would become a popular figure in Britain. Secret British government papers released in 2005 show that Rothermere wrote to Adolf Hitler congratulating him for the annexation of Czechoslovakia in 1938, and encouraged him to march into Romania. Rothermere also purchased estates in Hungary in case Britain should fall to a Soviet invasion. There is a memorial to Rothermere in Budapest. To this date Rothermere's descendants continue to control the Daily Mail and General Trust.

As one of the longest-established media companies in the UK, DMGT has long invested in its business in order to become one of the most successful information providers in the country.

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. 10,000 tons of rubble were removed to create the vast 115 feet (35 m) high atrium, with a domed roof containing 64 tons of glass. The break-up of Fleet Street was a revolution that had to happen in the tradition-bound world of newspaper printing where powerful unions resisted efforts by the Fleet Street publishers to modernise and economise. At the same time as the newspapers moved to Kensington, the printing operation for Southern England moved four miles (6 km) away to Surrey Quays. This state-of-the-art printing centre was opened on an 11-acre (45,000 m2) site at Rotherhithe in the London Docklands in 1989.

Instant communications between editorial, advertising and pre-press departments with Harmsworth Quays Printing are crucial. All pages are made up on computer screens and the completed pages are flashed to Surrey Quays without even a proof being necessary in Northcliffe House. On arrival they are converted into negative form and are used to make the plates for the press room. Within minutes the presses are ready to run. The entire system has been developed within Associated Newspapers. The Harmsworth Quays division is now responsible for all the production services required by Associated Newspapers. A team at Surrey Quays co-ordinates the daily printing requirement for newspapers at contract sites in Belfast, Bradford, Bristol, Didcot, Dundee, Glasgow, Newcastle, Plymouth, Southampton, Stoke, and Trafford Park, and abroad in Madrid, Orlando and Tenerife, and magazines with Quebecor and Polestar Group mainly at Corby and Watford. Of these printing works, those in England also print the regional group of newspapers published by Northcliffe Media, another division of Daily Mail and General Trust. Recognising the value people place in their local newspaper, the first Viscount Rothermere founded Northcliffe in 1928. The company now owns over 100 titles with 17 publishing centres in England and Wales producing daily, weekly and free newspapers. Since 1994 DMGT has expanded from its newspaper base into a variety of media forms, both in the UK and around the world especially around investments in electronic publishing.

In November 2005 DMGT announced its intention to sell its Northcliffe regional newspaper division. On 17 February 2006 the company announced it was abandoning the sale due to the failure of the bids to 'fully reflect the long term value of the business'. In mid 2006, the company sold Studygroup, a subsidiary of DMG Information, to CHAMP, an Australian based private equity group.

Divisions

Associated Newspapers

Associated newspapers logo.jpg

Associated Newspapers is the national newspaper arm of DMGT and publishes the following titles

  • Daily Mail - The main national newspaper owned by Associated. It sells more than two million copies per issue, giving it one of the largest circulations of any English language daily newspaper, and the twelfth highest of any newspaper in the world.
  • The Mail on Sunday - The sister paper of the Daily Mail, published weekly on Sundays. First published in 1982.
  • 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 magazine and in September 2006 it was merged with the Mail on Sunday and became the Irish Mail on Sunday.
  • Mail Today - A 48-page compact size newspaper launched in India on 16 November 2007 that is printed in Delhi, Gurgaon and Noida with a print run of 110,000 copies. Based around a subscription model, the newspaper has the same fonts and feel as the Daily Mail and was set up with investment from Associated Newspapers and editorial assistance from the Daily Mail newsroom.[3] Indian foreign media ownership laws restrict holdings to 26 percent.
  • Metro - Metro is the UK’s only urban 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. Metro’s readership is 2.2 million (NRS June ‘07), with over 1.3 million copies printed.
  • Loot - not a mainstream newspaper, although is available nationally. Classified directory.
  • London Lite - free sheet that was formerly called the Standard Lite, but was re-designed to compete with News International's new free sheet thelondonpaper. It is also a free sheet and is handed out by vendors in the evening around the London Zone 1 area.

The London Evening Standard, the dominant paid-for London-area local newspaper, was owned by Associated until it was sold to Alexander Lebedev in January 2009.

Associated Northcliffe Digital

Associated Northcliffe Digital (AND) is the digital consumer division of Daily Mail and General Trust (DMGT), operating the digital assets of Associated Newspapers Ltd. and Northcliffe Media, as well as key online properties including Jobsite, motors.co.uk, the Digital property group including Findaproperty & Primelocation, online dating aggregator Allegran and Teletext Ltd..

AND also publishes websites including Mail Online, for the Daily Mail and Mail on Sunday newspapers, Loot, and a variety of digital publications including This is Money, for Financial Mail on Sunday, business and financial news, and the This is London. Teletext Ltd provides commercial teletext services on all the ITV channels, Channel 4 and analogue five. AND's digital travel businesses include Teletext Holidays, This is Travel, and Villarenters.com. AND overseas over 150 websites, whose monthly reach exceeds 70% of the UK internet population.

Northcliffe Media

NorMedLtd.png

Northcliffe Media, formerly Northcliffe Newspaper Group, is the regional, local and international multimedia arm of the Daily Mail and General Trust. It owns over 120 newspapers, with 18 of those daily and the rest weekly. It also operates a retail division with 67 outlets and has Central and Eastern European multimedia interests, especially in Hungary and Slovakia.[4]

Northcliffe International

Northcliffe International is the Central and Eastern European multimedia enterprise arm of Northcliffe Media. It has newspapers throughout Slovakia, Romania and Bulgaria, with their biggest market in Hungary. They also have website interests in Croatia, owning four shopping, home and car websites as well as in Slovakia and Hungary.

The international arm began in 1989, when the Northcliffe Newspaper Group acquired Kisalföld, the largest regional newspaper in Hungary, serving the north-western county of Gyor-Sopron. The group later acquired Délmagyarország, the largest daily title in the south-east of the country, and the English-language weekly newspaper, The Budapest Sun. Northcliffe also invested significantly in new headquarters and printing plants in both Gyor and Szeged.

The total Eastern European business has revenues of £35 million per year and annualised profits of around £6 million. The arm had 801 overseas workers in 2006,[5] but after the arrival in the Croatian market in March 2007, this now exceeds 1,000. The chairman of the European arm is Vivian Baring and the director is Istvan Szammer.

DMG Broadcasting

DMG Broadcasting owns a number of media companies and is the subsidiary of DMGT that controls its British radio, television, film and interactive areas. British Pathe are one of the oldest media companies in the world. British Pathe are now owned by the Daily Mail and General Trust Group. British Pathe footage sales are now managed by ITN Source. Their roots lie in 1890s Paris where their founder, Charles Pathe, pioneered the development of the moving image. They were established in London in 1902, and by 1910 were producing their famous bi-weekly newsreel the Pathe Gazette. After the First World War they started producing various Cinemagazines as well. By 1930 they were producing the Gazette, the Pathetone Weekly, the Pathe Pictorial and Eve's Film Review, covering entertainment, culture and women's issues. By the time Pathe finally stopped producing the cinema newsreel in 1970 they had accumulated 3500 hours of filmed history amounting to over 90,000 individual items. Over the last 30 years this material has been used extensively around the world in television programmes, home videos, advertisements, corporate productions and, most recently, in web publishing.

The ITN logotype can be displayed in any of five different colours, each of which represents a business unit. This is the logotype in ITN News colour.

DMG Broadcasting owns a 20% stake in ITN (Independent Television News). The current ITN contract for ITV News expires at the end of 2012. On 2 April 2007 ITN signed a deal which superseded the existing contract, worth at least £42m per year. ITV, which owns 40% of ITN, is investing more than £15m to upgrade ITN's newsroom as part of the deal. It is believed ITV decided to sign an early deal with ITN without putting the contract out for tender, as it did last time round when Sky News bid, because of the need to press ahead with technological improvements. It has a minority stake in the Reuters news agency, which itself has a stake in ITN. It also owns New Era Commercials.

The Daily Mail and General Trust have a 29.9% stake in GCap Media. DMGT originally had a controlling stake in GWR Radio through DMG Radio, before the merger of GWR group and Capital Radio Group to create GCap. In 2002 it increased its stake to 29.97%. It is the United Kingdom's leading commercial radio group, representing 30% of the total commercial radio business. Between 1996 and 1999 GWR was a major shareholder in London News Radio, which owned and operated London's LBC and News Direct radio stations. These stations were sold to Chrysalis Radio in 2002.

Classic FM is the only nationally available analogue radio station owned by DMGT through its stake in GCap Media. On 25 December 2006 Classic FM opened a sister station theJazz, devoted to jazz music. Classic FM also runs a digital TV channel playing classical music videos, Classic FM TV. It is a British television channel that launched on 7 September 1992. It is the world's first 24-hour classical music channel, and is available free-to-air on satellite, Sky Digital and cable TV services. Classic FM TV is also available on the Internet. Classic FM publishes a monthly magazine, Classic FM Magazine, which presents news and reviews. Through GCap it owns 32 UK Local radio stations including many digital radio channels such as Core.

It also owns 50% of Greenland Interactive, an interactive media and marketing solutions company offering services to agencies, brands, publishers and broadcasters. It is one of the United Kingdom's top five providers of premium rate IVR lines, enabling its customers to deliver a range of interactive services such as voting, competitions, and information and entertainment lines.[6] Established in 1994 Greenland is one of the most experienced companies in the industry with knowledge and experience of successful interactive marketing campaigns.

TV stations operated by DMG are part of Harmsworth TV, including the Performance Channel, and Channel One TV, as well as 20% of Westcountry Television.

DMG Radio Australia

DMG Radio Australia operates commercial radio networks in metropolitan and regional areas of Australia. Formed in 1996, it has since become one of the largest radio media companies in the country. DMG Radio Australia is 100% owned by DMG following acquisition in 2002 of 25% held by UK broadcaster GWR. The company currently own more than 60 radio stations across New South Wales, Victoria, South Australia, Queensland and Western Australia. In April 2009, dmg Radio Australia commenced digital radio online broadcasting of two vastly different stations consisting of: NovaNation, a 24/7 digital dance station and Koffee, a smooth chill out station.

DMG World Media

Headquartered in Larkspur, California, DMG World Media produces over 150 trade shows for several industries, including energy, construction, gift, Digital Marketing, Technology and hospitality.

DMG Information

DMG Information invests in business to business information-driven companies. It aims to invest in high-growth businesses offering information to niche markets. DMG Information is headquartered in the US, with its main office in Connecticut and other offices in California and Massachusetts. Foremost amongst these are Landmark Information Group, Risk Management Solutions and Environmental Data Resources. In 2006 DMG Information bought Genscape, a US company that supplies information on the energy market for $196m (£110m).[7] Genscape is the market-leading provider of real-time energy generation and transmission information to the energy trading markets in North America and Europe. The company has more than 130 customers, including utilities, investment banks, energy traders and hedge funds. It also has operations in the UK, Australia, France, Germany and India.

Euromoney Institutional Investor

Euromoney Institutional Investor plc is the market leader on international financial publishing and event organisation. It's one of Europe's largest business and financial magazine publishers and is a constituent of the FTSE 250 Index. The company, 70% owned by the Daily Mail and General Trust Group, was founded in 1969. The company owns close to 100 international specialist magazines in finance, energy, aviation, pharmaceuticals and law. Euromoney trains international bankers and securities specialists around the world, runs international conferences, and is very strong in electronic publishing. With offices worldwide, its shares are listed in London and Luxembourg.

See also

References

External links



 
 

 

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