Daily Mail and General Trust

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"DMGT" redirects here, but may also refer to Doctor of Management.
Daily Mail and General Trust plc
Type Public limited company
Traded as LSEDMGT
Industry Newspapers
Radio
Websites
Insurance
Founded 1922
Headquarters London, United Kingdom
Key people The Viscount Rothermere
(Chairman)
Martin Morgan
(Chief Executive)
Revenue £1,989.8 million (2011)[1]
Operating income £164.3 million (2011)[1]
Net income £127.5 million (2011)[1]
Employees 14,000 (2012)[2]
Website www.dmgt.co.uk

Daily Mail and General Trust plc is a British media conglomerate, and 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 DMG World Media and DMG Information. Its biggest markets apart from the UK are in the United States, Central Europe, the Middle East, India and Australia.[3] It is listed on the London Stock Exchange.[4] Jonathan Harmsworth, 4th Viscount Rothermere is the chairman and controlling shareholder of the company.[5] The head office is located in the Northcliffe House in Kensington, London Borough of Kensington and Chelsea.

History[edit]

The group can trace its origins back to launch of the mid market national newspaper the Daily Mail by Harold Harmsworth, 1st Viscount Rothermere and his elder brother, Alfred Harmsworth, 1st Viscount Northcliffe, in 1896.[6] 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[6] and the British Union of Fascists and he wrote an article, "Hurrah for the Blackshirts", in January 1934.[7] 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".[8]

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.[9]

In mid-2006, the company sold Studygroup, a subsidiary of DMG Information, to CHAMP, an Australian-based private equity group.[10]

In November 2012 the company sold Northcliffe Media to Local World.[11]

Divisions[edit]

DMG Media[edit]

DMG Media is the national newspaper arm and website publisher of DMGT and publishes the following titles

  • Daily Mail – The main national newspaper owned by DMG Media. It sells more than two million copies per issue, giving it one of the largest circulations of any English language daily newspaper, and the twelfth highest of any newspaper in the world.
  • The Mail on Sunday – The sister paper of the Daily Mail, published weekly on Sundays. First published in 1982.
  • 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 magazine and in September 2006 it was merged with the Mail on Sunday and became the Irish Mail on Sunday.
  • Mail Today – A 48-page compact size newspaper launched in India on 16 November 2007 that is printed in Delhi, Gurgaon and Noida with a print run of 110,000 copies. Based around a subscription model, the newspaper has the same fonts and feel as the Daily Mail and was set up with investment from Associated Newspapers and editorial assistance from the Daily Mail newsroom.[12] Indian foreign media ownership laws restrict holdings to 26 percent.
  • Metro – Metro is the UK’s only urban 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. Metro’s readership is 2.2 million (NRS June 2007), with over 1.3 million copies printed.

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.

DMG Media's consumer brand portfolio also includes the recruitment and job search engines Evenbase, Jobsite and Jobrapido.[13]

DMG Broadcasting[edit]

DMG Broadcasting is DMGT's UK media subsidiary, owning a number of media companies radio, television, film and interactive companies.

DMG Broadcasting owns a 20% stake in ITN (Independent Television News).[14] 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 interactive voice response (IVR) lines, enabling its customers to deliver a range of interactive services such as voting, competitions, and information and entertainment lines.[15] Established in 1994 Greenland is one of the most experienced companies in the industry with knowledge and experience of successful interactive marketing campaigns.

The television stations operated by DMG are part of Harmsworth TV. Former channels include: Channel One TV (–2003) and Performance Channel (1985–2008).

DMG Events (formerly DMG World Media)[edit]

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[edit]

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).[16] 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[edit]

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. 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.

RMS[edit]

Risk Management Solutions (RMS), a catastrophe risk modelling company, is a subsidiary of the DMGT group.[17]

Asia Risk Centre (ARC)[edit]

Asia Risk Centre is a subsidiary of DMGT group and an affiliate of RMS.[18] It's mainly focuses on catastrophe modelling and risk analytic tools, advisory services and software products for Asian agriculture sector, food security and property risks in the micro insurance domain.

UK NARIC[edit]

The National Academic Recognition Information Centre for the United Kingdom. DMGT owns a minority share.[19]

A&N International Media[edit]

A&N International Media is the Central and Eastern European multimedia arm of the conglomerate.

Head office[edit]

Northcliffe House, DMGT headquarters

The head office is located in the Northcliffe House in Kensington, London Borough of Kensington and Chelsea.[20][21] 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.[21]

See also[edit]


References[edit]

  1. ^ a b c Preliminary Results 2011
  2. ^ Daily Mail and General Trust: Corporate Governance
  3. ^ Daily Mail and General Trust: about us
  4. ^ London Stock Exchange – Official List
  5. ^ Rothermere: 'DMGT remains committed to journalism' Press Gazette, 21 January 2009
  6. ^ a b Harold Harmsworth, 1st Viscount Rothermere Oxford Dictionary of National Biography
  7. ^ 'Hurrah for the Blackshirts!' by Martin Pugh The Times, 6 March 2005
  8. ^ Hitler by Joachim C Fest p. 553, Penguin, 1982, ISBN 978-0-14-005950-2
  9. ^ DMGT to move printing facility from Surrey Quays to Essex Media Week, 1 February 2011
  10. ^ DMGT sells Study Group The Times, 18 June 2006
  11. ^ Daily Mail sells regional newspapers to Local World BBC News, 21 November 2012
  12. ^ Associated Newspapers launches Mail Today in India
  13. ^ "DMG::Media Brands". London: DMG Media. Retrieved 2013-05-28. 
  14. ^ "ITN under threat from pensions black hole". Daily Mail. 29 May 2009. Retrieved 3 October 2013. 
  15. ^ "THUS manages premium rate minutes for Greenland Interactive". Demon. 2003. Archived from the original on 8 March 2005. Retrieved 1 September 2013. 
  16. ^ Tryhorn, Chris (20 April 2006). "DMGT buys leading energy information firm". London: Guardian Unlimited. Retrieved 2008-04-16. 
  17. ^ RMS
  18. ^ http://asiariskcentre.com/
  19. ^ Preliminary Results 2008
  20. ^ "Contacts." Daily Mail and General Trust. Retrieved on 6 September 2011. "Northcliffe House 2 Derry Street London W8 5TT Great Britain"
  21. ^ a b Ponsford, Dominic. "Sharing with Mail 'will safeguard future of Independent'." Press Gazette. 28 November 2008. Retrieved on 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."

External links[edit]