Daily Mail and General Trust plc
TypePublic limited company
LSEDMGT
IndustryNewspapers
Land & Property
Websites
Insurance
Energy
Education
Founded1922; 99 years ago (1922)
FounderAlfred Harmsworth, 1st Viscount Northcliffe Edit this on Wikidata
HeadquartersNorthcliffe House, ,
Key people
The Viscount Rothermere
(Chairman)
Paul Zwillenberg (CEO)
Revenue£1.91 billion (2016)[1]
Owner
Number of employees
9,600 (2014)[1]
Websitewww.dmgt.com

Daily Mail and General Trust plc (DMGT) is a British multinational media company, the owner of The Daily Mail and several other titles. The company manages a multinational portfolio of companies, with total revenues of almost £2 billion. The company operates in over forty countries through its subsidiaries RMS, DMG Information, DMG Events, DMG Ventures and DMG Media. It is listed on the London Stock Exchange.[2] The 4th Viscount Rothermere is the chairman and controlling shareholder of the company.[3] The head office is located in Northcliffe House in Kensington, London.

History

The group traces its origins to the launch in 1896 of the mid-market national newspaper the Daily Mail by Harold Harmsworth, 1st Viscount Rothermere, and his elder brother, Alfred Harmsworth, 1st Viscount Northcliffe.[4] It was incorporated in 1922 and its shares were first listed on the London Stock Exchange in 1932.

Harold Harmsworth's son, Esmond Cecil Harmsworth, 2nd Viscount Rothermere, took operational control of the organization in 1932 and complete control in 1940, when his father died.[5]

Vere Harmsworth, 3rd Viscount Rothermere became the Chairman of Associated Newspapers in 1970.[6][7] After the death of his father in 1978, he also became chairman of parent Daily Mail and General Trust plc.[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.[8]

On 14 December 2017, the board of commercial real-estate data firm Xceligent Inc., which is owned by Daily Mail and General Trust, filed for chapter 7 liquidation.[9]

Divisions

RMS

Risk Management Solutions (RMS), which targets the global property and casualty reinsurance industry, producing risk analysis models, services, expertise and data solutions for use in the quantification and management of catastrophic risk, is involved in catastrophe risk modelling, and is a subsidiary of the DMGT group.[10]

DMG information

DMG information aims to invest in high-growth businesses offering information to niche markets. DMG Information is headquartered in the US, with its main office in Stamford, Connecticut and other offices in California and Massachusetts. Foremost amongst these are Landmark Information Group, Genscape and Environmental Data Resources. In 2006 DMG Information bought Genscape, a US company that supplies information on the energy market.[11] Genscape is a provider of real-time energy generation and transmission information to the energy trading markets in North America and Europe. dmg Information also owns Xceligent, Trepp, Hobsons and SearchFlow. DMG Information has also invested in Skymetweather.com (India), Real Capital Analytics (USA), Sanborn (USA), Point X (Great Britain), Propstack (India), Liases Foras (India), Funcent (China), dmg events (Britain), ARC, iprof (India).[12][13]

DMG Events (formerly DMG World Media)

DMG Events was founded in 1989 and is active in more than 60 countries. Headquartered in Dubai, it is currently active in North America, the Middle East, North Africa, Europe, Asia, and Australia, employing over 370 staff. Events ran by dmg events include ADIPEC, Global Petroleum Show, Gastech, The Big 5, Index and The Hotel Show.[14]

Euromoney Institutional Investor

Further information: Euromoney Institutional Investor PLC

Euromoney Institutional Investor plc is one of Europe's largest business and financial magazine publishers. The company, 49% owned by DMGT, was founded in 1969. The company owns close to a hundred 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. Euromoney has invested in businesses such as MetalBulletin, BCA Research, and the Ned Davis Research Group.[15] DMGT's 49% stake in the company was sold off in 2019.[16]

DMG Media

Further information: DMG Media

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

The London Evening Standard was owned by DMGT until it was sold to Alexander Lebedev in January 2009. In October 2009 it was made a free newspaper. DMGT still maintains a 25% share.[23]

DMG Media's consumer brand portfolio also included the recruitment and job search engines Evenbase, Jobsite and Jobrapido.[24] DMGT announced the sale of its digital recruitment businesses in May 2014.[25]

DMG Ventures

DMG Ventures is the venture capital arm of DMGT.[26] Notable investments include used-car platform Cazoo,[27] property investment platform Bricklane[28] and will-writing platform Farewill.[29]

Joint ventures and associates

DMGT holds stakes in a number of businesses, some as minority investments as well as joint ventures and associates. This includes Independent Television News, which handles news coverage for ITV, Channel 4, and Channel 5.[30]

Head office

Northcliffe House, DMGT headquarters
Northcliffe House, DMGT headquarters

The head office is located in Northcliffe House in Kensington, London Borough of Kensington and Chelsea.[31][32] 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.[32]

Cleaners' wage dispute

Northcliffe House cleaners employed by Mitie joined the UVW union, and started campaigning in 2018 for the London Living Wage. The cleaners were mostly migrants from Latin America and Africa, and were being paid the national minimum wage. A Change.org petition was signed by over 100,000 people. Shortly after, Mitie confirmed that "our teams working at DMG media's site have been informed of a pay increase to at least, and in some cases, beyond the London Living Wage."[33]

See also

References

  1. ^ a b "Annual Report 2016". Retrieved 13 August 2017.
  2. ^ London Stock Exchange – Official List
  3. ^ Rothermere: 'DMGT remains committed to journalism' Press Gazette, 21 January 2009
  4. ^ Harold Harmsworth, 1st Viscount Rothermere, Oxford Dictionary of National Biography
  5. ^ "Lord Rothermere, of Fleet Street, Dies". The Washington Post. 13 July 1978. p. C10.
  6. ^ a b Leapman, Michael (3 September 1998). "Obituary: Viscount Rothermere". The Independent.
  7. ^ Lyall, Sarah (3 September 1998). "Lord Rothermere, Press Giant, Is Dead at 73". The New York Times.
  8. ^ "Newsmen say farewell to Fleet Street". London Evening Standard. 17 June 2005. Retrieved 16 April 2016.
  9. ^ Grant, Peter (14 December 2017). "Property Data Firm Xceligent Files for Chapter 7 Protection". The Wall Street Journal. New York City, New York. Retrieved 18 December 2017.
  10. ^ "Companies – RMS". dmgt.com.
  11. ^ Tryhorn, Chris (20 April 2006). "DMGT buys leading energy information firm". The Guardian. London. Retrieved 16 April 2008.
  12. ^ "Strategic Investments | dmg::information". www.dmginfo.com. Archived from the original on 24 November 2015. Retrieved 24 November 2015.
  13. ^ "Our Companies – Asia | dmg::information". www.dmginfo.com. Archived from the original on 24 November 2015. Retrieved 24 November 2015.
  14. ^ "dmg events acquires Exhibition Management Services (Pty) Ltd South Africa". International Supermarket News. 24 March 2016. Retrieved 16 April 2016.
  15. ^ "Euromoney Business Profile, FT.com". Financial Times. 2 May 2012. Retrieved 18 July 2012.
  16. ^ "DMGT to return £900m to shareholders from Euromoney stake".
  17. ^ "National newspaper circulation December 2007". The Guardian. UK. 2007. Archived from the original on 9 February 2008. Retrieved 12 April 2008.
  18. ^ "Founding editor of 'Ireland on Sunday' resigns". The Irish Times. Retrieved 16 April 2016.
  19. ^ Associated Newspapers launches Mail Today in India Archived 21 February 2012 at the Wayback Machine
  20. ^ Luft, Oliver (16 March 2009). "Metro newspaper celebrates 10 years of publication". The Guardian. Retrieved 15 May 2015.
  21. ^ http://abcdata.org.uk/interactive/nb/main.php Archived 21 December 2016 at the Wayback Machine ABC Newsbrand report April 2017
  22. ^ Mark Sweeney (3 March 2021). "Daily Mail owner buys New Scientist magazine in £70m deal". The Guardian. Retrieved 3 March 2021. CS1 maint: discouraged parameter (link)
  23. ^ "Newspaper shares climb as DMGT confirms deal talks". London Evening Standard. 29 October 2012.
  24. ^ "DMG::Media Brands". London. Archived from the original on 5 August 2013. Retrieved 28 May 2013.
  25. ^ "StepStone acquires Jobsite as DMGT exits digital recruitment market". The Recruiter. 22 May 2014. Retrieved 16 April 2016.
  26. ^ Crunchbase https://www.crunchbase.com/organization/dmg-ventures#section-overview. Retrieved 10 July 2020. Missing or empty |title= (help)
  27. ^ Lunden, Ingred (23 March 2020). "Cazoo, the used-car sales portal, raises another $116M". Tech Crunch. Retrieved 10 July 2020.
  28. ^ Ranaweera, Manoj (1 October 2019). "Bricklane secures £4.7 million Series A investment led by A/O Proptech and DMG Ventures". UK Tech Investment News. Retrieved 10 July 2020.
  29. ^ "Farewill Raises £7.5M in Funding". Finsmes. 22 January 2019. Retrieved 10 July 2020.
  30. ^ "ITN announces new Chair". ITN. Retrieved 20 April 2020.
  31. ^ "Contacts Archived 9 August 2011 at the Wayback Machine." Daily Mail and General Trust. Retrieved 6 September 2011. "Northcliffe House 2 Derry Street London W8 5TT Great Britain"
  32. ^ a b Ponsford, Dominic. "Sharing with Mail 'will safeguard future of Independent' Archived 23 December 2012 at archive.today." 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."
  33. ^ "The Anti-Immigrant Daily Mail Just Had to Give Its Migrant Cleaners a Pay Rise". vice.com. Retrieved 29 July 2020.