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Northcliffe Media MD refuses to rule out sale

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By John Glenday | Reporter

June 26, 2012 | 1 min read

Steve Auckland, managing director of Northcliffe Media, has refused to scotch rumours that Daily Mail General Trust were preparing to sell the publisher.

Northcliffe has only just returned to profit for the first time this side of the recession, a period in which its valuation has shrunk from £1.5bn to just £150m.

Auckland is quoted in the Press Gazette as telling staff: “I cannot say that we will or will not be sold in the near future. We are working in an uncertain market and our job is to maximise every opportunity.

“We need to ensure teams are focused on delivering results that are better than we ever thought imaginable.

“If we are sold, it will mainly affect the head office team. If you are a good operator in your centre, you are unlikely to be affected.”

DMGT has made no secret of the fact that it is open to offers on any sale.

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