| Type | Public limited company |
|---|---|
| Traded as | LSE: DMGT |
| Industry | Newspapers Radio Websites Insurance |
| Founded | 1922 |
| Headquarters | London, United Kingdom |
| Key people | The Viscount Rothermere (Chairman) Martin Morgan (Chief Executive) |
| Revenue | £1,968.0 million (2010)[1] |
| Operating income | £222.2 million (2010)[1] |
| Net income | £185.9 million (2010)[1] |
| Employees | 14,248 (2010)[1] |
| Website | www.dmgt.co.uk |
Daily Mail and General Trust plc is a British media conglomerate, one of the largest in Europe. In the UK, it 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. As of October 2010, it is a constituent of the FTSE 250 Index on the London Stock Exchange. [2] Viscount Rothermere is the chairman and controlling shareholder of the company.[3] The head office is located in the Northcliffe House in Kensington, London Borough of Kensington and Chelsea.
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The group can trace its origins back to launch of the mid market national newspaper the Daily Mail by Harold Harmsworth and his elder brother, Alfred, in 1896.[4] It was incorporated in 1922 and its shares were first listed on the London Stock Exchange in 1932. Harmsworth, who had been elevated to the peerage as Lord Rothermere, was editorially sympathetic to Oswald Mosley[4] and the British Union of Fascists and he wrote an article, "Hurrah for the Blackshirts", in January 1934.[5] Referring to Adolf Hitler's proposed invasion of Czechoslovakia, Rothermere, again writing in the Daily Mail, said in 1938 that "Czechs were of no concern to Englishmen".[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. 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.[7]
In mid 2006, the company sold Studygroup, a subsidiary of DMG Information, to CHAMP, an Australian based private equity group.[8]
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Associated Newspapers is the national newspaper arm of DMGT and publishes the following titles
The London Evening Standard, in modern times the dominant paid-for London-area local newspaper, was owned by Associated until it was sold to Alexander Lebedev in January 2009. Since then it has been made free as of October 2009. Associated News still maintains a minority share.
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.
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.[10]
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,[11] 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 owns a number of media companies and is the subsidiary of DMGT that controls its British radio, television, film and interactive areas.
DMG Broadcasting owns a 20% stake in ITN (Independent Television News).[12] 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.
DMG 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.[13] 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.
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 50% owned by DMG and 50% by Lachlan Murdoch's Illyria Pty Ltd. Until 2002, 25% was held by UK broadcaster GWR prior to its shareholding being bought by DMG. The company currently owns 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 :: events was founded in 1989 and now manages over 80 events in up to 25 countries each year. Headquartered in Stamford, Connecticut, it is currently active in North America, the Middle East, North Africa, Europe, Asia, and Australia, employing over 300 staff.
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).[14] 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 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.
Risk Management Solutions (RMS), a catastrophe risk modelling company, is a subsidiary of the DMGT group.[15]
The National Academic Recognition Information Centre for the United Kingdom. DMGT owns a minority share.[16]
The head office is located in the Northcliffe House in Kensington, London Borough of Kensington and Chelsea.[17][18] In addition to housing the DMGT head office, the building also houses the offices of The Independent series, Daily Mail, Mail on Sunday, Evening Standard, and Metro.[18]
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