The Daily Mail and General Trust bought the i newspaper last week but reported today that revenues fell 1 per cent in the year to September 30 DAN KITWOOD / GETTY IMAGESThe owner of the Daily Mail said that it was primed for further deals after spending £50 million on the i newspaper last week. The Daily Mail and General Trust vowed to use some of its £247 million cash pile to buy “attractive” businesses that come up for sale. Paul Zwillenberg, chief executive, has pruned DMGT’s empire since joining three years ago. He has offloaded a number of assets, including its interest in the property portal Zoopla and its controlling stake in the listed financial information publisher Euromoney. Adjusted revenues fell 1 per cent to £1.4 billion in the 12 months to the end…

Source: The Times December 05, 2019 12:11 UTC