Daily Mail And General Trust Acquires New Scientist For GBP

Daily Mail And General Trust Acquires New Scientist For GBP 70 Mln


Daily Mail And General Trust Acquires New Scientist For GBP 70 Mln
LONDON (dpa-AFX) - Daily Mail & General Trust Plc. (DMGT.L) said that its Consumer Media business, dmg media, has acquired New Scientist, science publishing title, from a consortium of individual investors led by Bernard Gray, for 70 million pounds in cash.
New Scientist has a large and growing international readership, with a weekly circulation of about 120,000, of which just over half are UK-based.
In 2021, the business is expected to generate cash operating income and operating profit of about 7 million pounds and revenues are expected to exceed 20 million pounds.
Copyright RTT News/dpa-AFX

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