| Type | Public (LSE: MEC) |
|---|---|
| Industry | Publishing |
| Founded | 2000 |
| Headquarters | London, United Kingdom |
| Key people | Stephen Davidson (Executive chairman) |
| Revenue | £982.8 million (2007) |
| Operating income | £(8.0) million (2007) |
| Net income | £(23.8) million (2007) |
| Website | www.mecom.com |
Mecom Group plc (LSE: MEC) is a newspaper publishing company headquartered in London, United Kingdom.
It is listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until 22 December 2008, when it became one of three media companies to fall out of the index.[1]
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The company was founded in 2000 by David Montgomery, a former CEO of the Mirror Group and former editor of The Sun, Daily Mirror, News of the World and Today.[2]
Mecom was first listed on the Alternative Investment Market in 2005.[3]
In 2008, Mecom was admitted to the main list of the London Stock Exchange.[4]
In 2010, half the revenue and three-quarters of the profit comes from the Dutch Wegener group. Mecom is considered no more than a holding company with more debts (370 mil.) than stock value (320 mil.). [10]
The Company owned around 300 titles and has had substantial operations in the Netherlands, Denmark, Norway, Germany and Poland.[11] However, in 2009, Mecom sold all their newspapers in Germany to M. DuMont Schauberg and large parts of their newspapers in Norway.