Daily Mail group shares slump to five-year low
Media company DMGT reports 13% drop in profits as it warns of a tough year ahead and further divestments
Shares in the owner of the Daily Mail and Mail Online have slumped by more than 20% after it reported a sharp drop in annual profits and warned of a tough year ahead.
Daily Mail & General Trust (DMGT), which also owns the Mail on Sunday and Metro newspapers and is the largest shareholder in business-to-business publisher Euromoney, said its business would be “adversely affected by recent disposals and challenging conditions in some of our sectors”.
from The Guardian http://ift.tt/2zAVwGS
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