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Daily Mail & General Trust

Daily Mail & General Trust reportedly eyes sale of Northcliffe Media


By The Drum Team, Editorial

November 24, 2011 | 1 min read

Daily Mail & General Trust is reportedly looking to sell its regional newspaper division, having appointed Ernst & Young price its market value.

The potential sale of Northcliffe Media is being reported by The Telegraph, which claims that the division has been singled out having had a ‘challenging year’.

According to Ernest & Young’s ‘vendor due diligence’ review, the value of the regional group has fallen from £1.5bn to £150m in under five years.

The company has declined to comment on the story.

Daily Mail & General Trust

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