The far-from-secret shame of diverse DMGT

DMGT has little in common with supposed peers Johnston Press and Trinity Mirror. A forward earnings ratio of 14.2 times suggests the future is rosy. The market predicts deep trouble ahead for the other two, with ratings of 0.7 and 2.2 times, according to S&P Global. If DMGT were shorn of its legacy media interests, it would be rated more like Relx at 18.7 times

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Trinity Mirror lessons for newspapers everywhere

It’s been another ‘bad news’ month for UK newspapers. Just a few weeks after Vice founder Shane Smith predicted a media industry “bloodbath”, Britain’s most successful newspaper group DMGT reported a 16% drop in advertising revenue at the Daily Mail in the six months to the end of March. Even the 20% growth at its Mail Online was scant consolation because annual revenue will not reach the £100m targeted for more than two years. Consequently, the world’s largest English language newspaper site remains far from profitable. Daily sales of the UK’s national newspapers have more than halved to 6.5m in the past 15 years and are still falling. But it is the continuing drain of advertising that panics investors.

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Fleet Street is being sunk by the internet

Shares in Daily Mail and General Trust, publisher of the Daily Mail, fell by 10 per centon Thursday as it disclosed the toll that the sudden downturn in print advertising is having on its business. It suffered a 16 per cent decline in print advertising revenues in the first half of its financial year

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Trinity Mirror to announce £220m deal to control Local World

The publisher of the Daily Mirror is poised to announce a £220m deal to take control of Local World, which owns more than 100 regional titles, to create a local newspaper powerhouse.Trinity Mirror, which also owns the Sunday People and Sunday Mirror, is thought to be close to securing a deal with Local World and could announce completion this week

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Skymet Weather raises $4.5M in Series B funding from Daily Mail arm, Omnivore

Noida- and Mumbai-based weather forecasting services provider Skymet Weather Services Pvt Ltd has raised approximately $4.5 million (Rs 27.6 crore) in its Series B round of venture financing from dmg::information Asia Pacific Pte Ltd, a subsidiary of British media conglomerate Daily Mail and General Trust plc (DMGT), with participation from existing investor Omnivore Partners.

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