Daily Mail and General Trust#RMS

{{short description|British media conglomerate}}

{{redirect|DMGT|the doctoral degree|Doctor of Management}}

{{Use dmy dates|date=October 2020}}

{{Infobox company

| name = Daily Mail and General Trust

| logo = Daily Mail and General Trust.svg

| caption =

| type = Private

| foundation = {{Start date and age|1922|9|27|df=y}}

| founder = The Viscount Northcliffe

| location = Northcliffe House

| location_city = Kensington, London

| location_country = United Kingdom

| locations =

| area_served =

| key_people = {{ubl|The Viscount Rothermere
(chairman)|Tim Collier (CEO)}}

| industry = Media conglomerate
Newspapers
Land & Property
Websites
Events & Exhibitions

| products =

| services =

| revenue = £885 million (2021)

| assets =

| equity =

| owner = Harmsworth family, Viscounts Rothermere through Rothermere Continuation Limited

| num_employees = 4,034 (2021)

| parent =

| divisions =

| subsid =

| homepage = {{URL|https://www.dmgt.com/}}

| footnotes =

| intl =

}}

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.[https://archive.today/20120907084414/http://www.pressgazette.co.uk/story.asp?storycode=42877 Rothermere: 'DMGT remains committed to journalism'] Press Gazette, 21 January 2009 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.{{Cite news |last=Warrington |first=James |date=2021-12-16 |title=Lord Rothermere wins bid to take Daily Mail owner private |language=en-GB |work=The Telegraph |url=https://www.telegraph.co.uk/business/2021/12/16/lord-rothermere-wins-bid-take-daily-mail-owner-private/ |access-date=2022-10-28 |issn=0307-1235}}{{Cite web |date=2021-12-22 |title=Victory for Lord Rothermere: End of an era as Daily Mail group exits London Stock Exchange after listing nine decades ago in 1932 |url=https://www.cityam.com/victory-for-lord-rothermere-end-of-an-era-as-daily-mail-group-exits-london-stock-exchange-after-listing-nine-decades-ago-in-1932/ |access-date=2022-10-28 |website=CityAM |language=en-GB}}

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.[http://www.oxforddnb.com/view/article/33718?docPos=2 Harold Harmsworth, 1st Viscount Rothermere], Oxford Dictionary of National Biography 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.{{cite news|title=Lord Rothermere, of Fleet Street, Dies|newspaper=The Washington Post|date=13 July 1978|page=C10}}

Vere Harmsworth became the Chairman of Associated Newspapers in 1970.{{cite news|last1=Lyall|first1=Sarah|title=Lord Rothermere, Press Giant, Is Dead at 73|url=https://www.nytimes.com/1998/09/03/business/lord-rothermere-press-giant-is-dead-at-73.html?pagewanted=2|work=The New York Times|date=3 September 1998}} 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.{{cite news|last1=Leapman|first1=Michael|title=Obituary: Viscount Rothermere|url=https://www.independent.co.uk/arts-entertainment/obituary-viscount-rothermere-1195616.html|work=The Independent|date=3 September 1998}}

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.{{cite web|url=https://www.standard.co.uk/news/newsmen-say-farewell-to-fleet-street-7203440.html|title=Newsmen say farewell to Fleet Street|work=London Evening Standard|date=17 June 2005|access-date=16 April 2016}}

In 2019, DMGT joined the Belt and Road News Network.{{Cite web |date=April 25, 2019 |title=Belt and Road News Network First Council Meeting Joint Statement |url=http://en.brnn.com/n3/2019/0425/c415308-9571930.html |access-date=2022-09-12 |website=Belt and Road News Network}}

In 2023, DMGT invested in Hexagon Cup, a Madrid-based padel competition.{{Cite news |last=Noble |first=Josh |date=2023-10-10 |title=Daily Mail publisher invests in fast-growing sport of padel |work=Financial Times |url=https://www.ft.com/content/d2908bc3-8ec0-42ab-95f5-230964ac46df |access-date=2023-10-24}}

Divisions

=Consumer Media=

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

  • Daily Mail – DMG media's primary national newspaper, with specific editions for Scotland (Scottish Daily Mail) and Ireland (Irish Daily Mail).
  • The Mail on Sunday – The sister paper of the Daily Mail, published weekly on Sundays. First published in 1982.{{cite news|title=National newspaper circulation December 2007 |newspaper=The Guardian |department=Press & Publishing |location=London |url=http://media.guardian.co.uk/presspublishing/table/0,,2239277,00.html |access-date=2008-04-12 |publisher=Guardian Media Group |issn=17563224}}
  • 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.{{cite news|title=Founding editor of 'Ireland on Sunday' resigns |last=Haughey |first=Nuala |url=https://www.irishtimes.com/news/founding-editor-of-ireland-on-sunday-resigns-1.1122128 |access-date=2016-04-16 |newspaper=The Irish Times |location=Dublin |issn=07915144}}
  • 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.{{cite news|last=Luft |first=Oliver |date=2009-03-16 |title=Metro newspaper celebrates 10 years of publication |newspaper=The Guardian |publisher=Guardian Media Group |url=https://www.theguardian.com/media/2009/mar/16/metro-newspaper-10-years-anniversary |access-date=2015-05-15 |location=London |issn=17563224}}
  • 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.{{cite web |url=http://abcdata.org.uk/interactive/nb/main.php |publisher=Audit Bureau of Circulations |archive-url=https://web.archive.org/web/20161221210403/http://abcdata.org.uk/interactive/nb/main.php/|archive-date=21 December 2016 |title=November 2016 Main view |url-status=dead |website=abcdata.org.uk}}
  • MailOnline is one of the world's most popular English-language newspaper websites{{cite news |first=Mark |last=Sweney |date=2021-12-02 |newspaper=The Guardian |publisher=Guardian Media Group |title=Lord Rothermere ups bid in attempt to take Daily Mail publisher private |url=https://www.theguardian.com/business/2021/dec/02/lord-rothermere-ups-bid-in-attempt-to-take-daily-mail-publisher-private |location=London |issn=17563224}}
  • New Scientist – a weekly magazine focusing on science and technology. Bought in 2021 for £70 million.{{cite news|last=Sweney |first=Mark |date=2021-03-03 |title=Daily Mail owner buys New Scientist magazine in £70m deal|newspaper=The Guardian |publisher=Guardian Media Group |location=London |issn=17563224 |url=https://www.theguardian.com/business/2021/mar/03/daily-mail-owner-buys-new-scientist-magazine-in-70m-deal |access-date=2021-03-03}}

London's Evening Standard was owned by DMGT until it was sold to Alexander Lebedev in January 2009. DMGT still maintains a 5% share.{{cite news|date=2012-10-29|title=Newspaper shares climb as DMGT confirms deal talks |url=https://www.standard.co.uk/business/media/newspaper-shares-climb-as-dmgt-confirms-deal-talks-8230729.html |newspaper=Evening Standard |location=London |issn=20414404}}

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.{{Cite news |last=Thomas |first=Daniel |date=2023-08-13 |title=Daily Mail owner confirms interest in Telegraph auction |newspaper=Financial Times |url=https://www.ft.com/content/32a9b62d-ca57-45f8-b124-459b0dc05f66 |access-date=2023-08-14 |url-access=subscription |issn=03071766 |publisher=Nikkei Inc. |location=London}}

=Property information=

In the UK, Landmark Information Group includes Landmark and SearchFlow and provide information for property transactions. Trepp is a data provider for the US Commercial Real Estate Market.

=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.{{Cite news |date=2019-01-22 |title= Farewill Raises £7.5M in Funding |work=Finsmes |url=http://www.finsmes.com/2019/01/farewill-raises-7-5m-in-funding.html |access-date=2020-07-10}}{{Cite news |last=Lunden |first=Ingred |date=2020-03-23 |title=Cazoo, the used-car sales portal, raises another $116M |work=Tech Crunch |url=https://techcrunch.com/2020/03/23/cazoo-the-used-car-sales-portal-raises-another-116m/ |access-date=2020-07-10}}{{Cite news |last=Ranaweera |first=Manoj |date=2019-10-01 |title=Bricklane secures £4.7 million Series A investment led by A/O Proptech and DMG Ventures |work=UK Tech Investment News |url=https://www.uktechnews.info/2019/10/01/bricklane-secures-4-7-million-series-a-investment-led-by-a-o-proptech-and-dmg-ventures/ |access-date=2020-07-10}}

Head office

File:Northcliffe House 2008 06 21.jpg

The head office is located in Northcliffe House in Kensington, London Borough of Kensington and Chelsea."[http://www.dmgt.co.uk/contact Contacts] {{webarchive |url=https://web.archive.org/web/20110809140931/http://www.dmgt.co.uk/contact |date=9 August 2011 }}." Daily Mail and General Trust. Retrieved 6 September 2011. "Northcliffe House 2 Derry Street London W8 5TT Great Britain"Ponsford, Dominic. "[http://www.pressgazette.co.uk/story.asp?sectioncode=1&storycode=42559&c=1 Sharing with Mail 'will safeguard future of Independent'] {{Webarchive|url=https://archive.today/20121223202214/http://www.pressgazette.co.uk/story.asp?sectioncode=1&storycode=42559&c=1 |date=23 December 2012 }}." 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." 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.

See also

References

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