Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Daily Mail group considers Metro sale

Daily Mail group considers Metro sale

Tue, 22 Aug 2017 | BUSINESS SALE

The publisher of the Daily Mail, DMGT, is considering putting Metro up for sale at a guide price of £35m.

The move comes as print advertising sales decline as commuters are increasingly reading the news on their smart devices.

Last year, Metro suffered a 9 per cent decline in underlying revenues to £65m, as well as a 12 per cent fall in operating profit as advertisers shifted their spending online. Although Metro's revenue for the first half of this year was stable, operating profits took another significant dip as the fall in sterling sharply increased the cost of the imported paper.

The company has since appointed bankers to conduct a strategic review of the title.

Discussions over the sale are part of a wider review of DMGT's diverse portfolio of businesses by Paul Zwillenberg, the recently-appointed chief executive, who is keen to "streamline" the group.

Since Zwillenberg's arrival a year ago, DMGT has already sold and reduced its stakes in various companies including Elite Daily and Euromoney.

Although the Metro's strategic review is still in its early stages, there has already been interest from potential buyers that include Trinity Mirror, Johnston Press and former CEO of Mirror Group David Montgomery’s National World venture.

Find a business for sale here.
Subscribe to Business Sale Report here.


Share this article



Latest Businesses for Sale

Specialist Support Services For Adults
East Midlands, UK

The company provides person-centred support, progression and community integration, helping clients gain skills for living, employment and social skills.

Asking Price: Offers Invited
Turnover: £969,000

LEASEHOLD


Market Leading TV Shopping Channel
UK Wide

Highly successful business operating over a span of six years. Offers a comprehensive range of high-quality products and has successfully launched stock for over 400 suppliers.

Asking Price: Offers Invited
Turnover: £18,800,000

FREEHOLD


Provider Of Roofing And Building Services
Scotland, UK

Offers an extensive range of roofing and building services, ranging from minor works to major, multi-trade construction projects.

Asking Price: Offers Invited
Turnover: £510,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Feb
 

Hanson-owned brickwork contractor closes down | BUSINESS NEWS

Brickwork firm Irvine-Whitlock, a subsidiary of building mat...

 
25
 
Feb
 

Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS

Acquisitive wealth management firm Fairstone Financial Manag...

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
19
 
Aug
 

Film distributor Metrodome Group in administration | ADMINISTRATION

Metrodome Group, the company behind movies including Donnie ...

 
02
 
Sep
 

For sale sign hoisted for New Scotland Yard | COMMERCIAL PROPERTY

The London home of the Metropolitan Police for the past fift...

 
10
 
Dec
 

Rail infrastructure business in administration | ADMINISTRATION

A construction company specialising in the construction of r...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.