Daily Mail and General Trust explained

Daily Mail and General Trust
Type:	Private
Founder:	The Viscount Northcliffe
Location:	Northcliffe House
Location City:	Kensington, London
Location Country:	United Kingdom
Industry:	Media conglomerate Newspapers Land & Property Websites Events & Exhibitions
Revenue:	£885 million (2021)
Owner:	Harmsworth family, Viscounts Rothermere through Rothermere Continuation Limited
Num Employees:	4,034 (2021)

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.^[1] 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.^{[2] [3]}

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.^[4] 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.^[5]

Vere Harmsworth became the Chairman of Associated Newspapers in 1970.^[6] 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.^[7]

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.^[8]

In 2019, DMGT joined the Belt and Road News Network.^[9]

In 2023, DMGT invested in Hexagon Cup, a Madrid-based padel competition.^[10]

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.^[11]
• 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.^[12]
• 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.^[13]
• 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.^[14]
• MailOnline is one of the world's most popular English-language newspaper websites^[15]
• New Scientist – a weekly magazine focusing on science and technology. Bought in 2021 for £70 million.^[16]

London's Evening Standard was owned by DMGT until it was sold to Alexander Lebedev in January 2009. DMGT still maintains a 5% share.^[17]

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.^[18]

Property information

In the UK, Landmark Information Group includes Landmark and SearchFlow and provide information for property transactions. Trepp, in the US, provides similar services.

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.^{[19] [20] [21]}

Head office

The head office is located in Northcliffe House in Kensington, London Borough of Kensington and Chelsea.^{[22] [23]} 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.^[23]

See also

• Multinational corporation
• Viscount Rothermere
• Mass media
• List of companies based in London

External links

• Daily Mail and General Trust

Notes and References

1. https://archive.today/20120907084414/http://www.pressgazette.co.uk/story.asp?storycode=42877 Rothermere: 'DMGT remains committed to journalism'
2. News: Warrington . James . 2021-12-16 . Lord Rothermere wins bid to take Daily Mail owner private . en-GB . The Telegraph . 2022-10-28 . 0307-1235.
3. Web site: 2021-12-22 . Victory for Lord Rothermere: End of an era as Daily Mail group exits London Stock Exchange after listing nine decades ago in 1932 . 2022-10-28 . CityAM . en-GB.
4. http://www.oxforddnb.com/view/article/33718?docPos=2 Harold Harmsworth, 1st Viscount Rothermere
5. News: Lord Rothermere, of Fleet Street, Dies. The Washington Post. 13 July 1978. C10.
6. News: Lyall. Sarah. Lord Rothermere, Press Giant, Is Dead at 73. The New York Times. 3 September 1998.
7. News: Leapman. Michael. Obituary: Viscount Rothermere. The Independent. 3 September 1998.
8. Web site: Newsmen say farewell to Fleet Street. London Evening Standard. 17 June 2005. 16 April 2016.
9. Web site: April 25, 2019 . Belt and Road News Network First Council Meeting Joint Statement . 2022-09-12 . Belt and Road News Network.
10. News: Noble . Josh . 2023-10-10 . Daily Mail publisher invests in fast-growing sport of padel . Financial Times . 2023-10-24.
11. News: National newspaper circulation December 2007 . . Press & Publishing . . 2008-04-12 . . 17563224.
12. News: Founding editor of 'Ireland on Sunday' resigns . Haughey . Nuala . 2016-04-16 . . . 07915144.
13. News: Luft . Oliver . 2009-03-16 . Metro newspaper celebrates 10 years of publication . . . 2015-05-15 . . 17563224.
14. Web site: November 2016 Main view . . https://web.archive.org/web/20161221210403/http://abcdata.org.uk/interactive/nb/main.php/. 21 December 2016 . dead . abcdata.org.uk.
15. News: Mark . Sweney . 2021-12-02 . . . Lord Rothermere ups bid in attempt to take Daily Mail publisher private . . 17563224.
16. News: Sweney . Mark . 2021-03-03 . Daily Mail owner buys New Scientist magazine in £70m deal. . . . 17563224 . 2021-03-03.
17. News: 2012-10-29. Newspaper shares climb as DMGT confirms deal talks . . . 20414404.
18. News: Thomas . Daniel . 2023-08-13 . Daily Mail owner confirms interest in Telegraph auction . . 2023-08-14 . subscription . 03071766 . . London.
19. News: 2019-01-22 . Farewill Raises £7.5M in Funding . Finsmes . 2020-07-10.
20. News: Lunden . Ingred . 2020-03-23 . Cazoo, the used-car sales portal, raises another $116M . Tech Crunch . 2020-07-10.
21. News: Ranaweera . Manoj . 2019-10-01 . Bricklane secures £4.7 million Series A investment led by A/O Proptech and DMG Ventures . UK Tech Investment News . 2020-07-10.
22. "Contacts ." Daily Mail and General Trust. Retrieved 6 September 2011. "Northcliffe House 2 Derry Street London W8 5TT Great Britain"
23. Ponsford, Dominic. "Sharing with Mail 'will safeguard future of Independent' ." 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."