Daily Mail owners DMGT rue lost ad revenue
Daily Mail and General Trust (DMGT), the owners of an empire that spans events management, business data and, of course, newspapers is suffering from a decline in ad revenue but online income is growing
Daily Mail and General Trust (DMGT), the owners of an empire that spans events management, business data and, of course, newspapers is suffering from a decline in ad revenue but online income is growing
In a trading update the firm reveals advertising at Associated Newspapers, which publishes the Daily Mail, has fallen 3% in the six months to the end of March, It appears the trend is worsening, with sales down 2% in the three months to December, and down 5% between January and March.
A very bright spot for Associated though is digital advertising, which has grown 58%, with the Mail Online, which recently became the most widely read English language news website, reporting revenues up 69%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Northcliffe Media, which publishes 180 local newspapers, has seen advertising income down 11% in the last six months.
For the group as a whole though underlying revenues will come in 2% up on the prior year with the DMGT information and events businesses both showing growth of 12%.
The Euromoney Institutional Investor offering has seen underlying growth of 5%, Risk Management Solutions saw growth of 7% while Business to Business is up 8%.
DMGT says on an adjusted basis "both operating profits and profit before tax for the first half of the year are expected to be lower than in 2011, although the outlook for the full year remains unchanged".
The market was unimpressed; the shares fell 2.4% at the open.
BS
-
SIPP holders to get cash warnings and be offered default funds
News Providers will be required to offer investors a default fund and must warn customers of the inflationary risk of cash savings the regulator has said. What the new rules mean for your retirement pot?
By Marc Shoffman Published
-
Zoopla: Asking price discounts hit a five-year high – is now the time to buy a property?
News Zoopla’s October House Price Index shows sellers are accepting discounts of 5.5% on average to secure a sale – we reveal where homeowners are taking the biggest asking price cuts
By Marc Shoffman Published