Daily Mail & General Trust reportedly eyes sale of Northcliffe Media
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.