The new chief executive Daily Mail & General Trust, the parent of the Daily Mail and Mail Online, has refused to rule out a potential sale of the newspaper saying there are “no sacred cows” in his strategic review of the business. “A sale of the Daily Mail is a very low probability outcome of the strategic review,” said Alex DeGroote, analyst at Peel Hunt. The company reported a 23% fall in operating profits, to £77m, at its consumer division, DMG Media, which takes in the Daily Mail, Mail on Sunday, Mail Online and freesheet Metro. Mail Online increased its revenues 19% year on year, to £93m, up on the 16% growth rate in 2015. Total revenues, profits and earnings per share beat analysts’ expectations, leading to a 7% jump in DMGT’s share price in early trading.

Source: The Guardian December 01, 2016 10:05 UTC