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Daily Mail and General Trust

Daily Mail and General Trust
Company typePrivate
IndustryMedia conglomerate
Newspapers
Land & Property
Websites
Events & Exhibitions
Founded27 September 1922; 101 years ago (1922-09-27)
FounderThe Viscount Northcliffe
HeadquartersNorthcliffe House, ,
Key people
Revenue£885 million (2021)
OwnerHarmsworth family, Viscounts Rothermere through Rothermere Continuation Limited
Number of employees
4,034 (2021)
Websitewww.dmgt.com

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.[1] 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.[2][3]

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.[4] 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.[5]

Vere Harmsworth became the Chairman of Associated Newspapers in 1970.[6][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.[6]

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.[8]

In 2019, DMGT joined the Belt and Road News Network.[9]

In 2023, DMGT invested in Hexagon Cup, a Madrid-based padel competition.[10]

Divisions

Consumer Media

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

  • Daily Mail – DMG media's primary national newspaper.
  • The Mail on Sunday – The sister paper of the Daily Mail, published weekly on Sundays. First published in 1982.[11]
  • 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.[12]
  • i – 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.[13]
  • 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.[14]
  • MailOnline is one of the world's most popular English language newspaper websites [15]
  • New Scientist – a weekly magazine focusing on science and technology. Bought in 2021 for £70 million.[16]

The London Evening Standard was owned by DMGT until it was sold to Alexander Lebedev in January 2009. DMGT still maintains a 5% share.[17]

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.[18]

Property information

In the UK, Landmark Information Group includes Landmark and SearchFlow and provide information for property transactions. Trepp, in the US, provides similar services.

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.[19][20][21]

Head office

Northcliffe House, DMGT headquarters

The head office is located in Northcliffe House in Kensington, London Borough of Kensington and Chelsea.[22][23] 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.[23]

See also

References

  1. ^ Rothermere: 'DMGT remains committed to journalism' Press Gazette, 21 January 2009
  2. ^ Warrington, James (16 December 2021). "Lord Rothermere wins bid to take Daily Mail owner private". The Telegraph. ISSN 0307-1235. Retrieved 28 October 2022.
  3. ^ "Victory for Lord Rothermere: End of an era as Daily Mail group exits London Stock Exchange after listing nine decades ago in 1932". CityAM. 22 December 2021. Retrieved 28 October 2022.
  4. ^ Harold Harmsworth, 1st Viscount Rothermere, Oxford Dictionary of National Biography
  5. ^ "Lord Rothermere, of Fleet Street, Dies". The Washington Post. 13 July 1978. p. C10.
  6. ^ a b Leapman, Michael (3 September 1998). "Obituary: Viscount Rothermere". The Independent.
  7. ^ Lyall, Sarah (3 September 1998). "Lord Rothermere, Press Giant, Is Dead at 73". The New York Times.
  8. ^ "Newsmen say farewell to Fleet Street". London Evening Standard. 17 June 2005. Retrieved 16 April 2016.
  9. ^ "Belt and Road News Network First Council Meeting Joint Statement". Belt and Road News Network. 25 April 2019. Retrieved 12 September 2022.
  10. ^ Noble, Josh (10 October 2023). "Daily Mail publisher invests in fast-growing sport of padel". Financial Times. Retrieved 24 October 2023.
  11. ^ "National newspaper circulation December 2007". The Guardian. UK. 2007. Archived from the original on 9 February 2008. Retrieved 12 April 2008.
  12. ^ "Founding editor of 'Ireland on Sunday' resigns". The Irish Times. Retrieved 16 April 2016.
  13. ^ Luft, Oliver (16 March 2009). "Metro newspaper celebrates 10 years of publication". The Guardian. Retrieved 15 May 2015.
  14. ^ "November 2016 Main view". abcdata.org.uk. Archived from the original on 21 December 2016.
  15. ^ Sweney, Mark (2 December 2021). "Lord Rothermere ups bid in attempt to take Daily Mail publisher private". The Guardian. Archived from the original on 29 November 2023.
  16. ^ Mark Sweeney (3 March 2021). "Daily Mail owner buys New Scientist magazine in £70m deal". The Guardian. Retrieved 3 March 2021.
  17. ^ "Newspaper shares climb as DMGT confirms deal talks". London Evening Standard. 29 October 2012.
  18. ^ Thomas, Daniel (13 August 2023). "Daily Mail owner confirms interest in Telegraph auction". Financial Times. Retrieved 14 August 2023.
  19. ^ "Farewill Raises £7.5M in Funding". Finsmes. 22 January 2019. Retrieved 10 July 2020.
  20. ^ Lunden, Ingred (23 March 2020). "Cazoo, the used-car sales portal, raises another $116M". Tech Crunch. Retrieved 10 July 2020.
  21. ^ Ranaweera, Manoj (1 October 2019). "Bricklane secures £4.7 million Series A investment led by A/O Proptech and DMG Ventures". UK Tech Investment News. Retrieved 10 July 2020.
  22. ^ "Contacts Archived 9 August 2011 at the Wayback Machine." Daily Mail and General Trust. Retrieved 6 September 2011. "Northcliffe House 2 Derry Street London W8 5TT Great Britain"
  23. ^ a b Ponsford, Dominic. "Sharing with Mail 'will safeguard future of Independent' Archived 23 December 2012 at archive.today." 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."
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Daily Mail and General Trust
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