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Daily Mail and General Trust Acquires i Newspaper for GBP 49.6m
Monday 02 December 2019

2 December 2019 - UK-based DMGT media, the consumer media business of Daily Mail and General Trust (LSE: DMGT) has added UK national newspaper and website 'i' to its stable of media brands for GBP 49.6m (USD 64m) in cash, the company said.

'i' was acquired from JPI Media Ltd. 

The 'i' has an established reputation for quality journalism with retail sales of approximately 170,000 newspapers each weekday and over 190,000 copies of the iweekend each Saturday. The website, inews.co.uk, attracts approximately 300,000 daily unique browsers.

DMGT said the acquisition of the 'i' offers a scope for potential synergies in the future, notably from dmg media's existing infrastructure and in advertising sales.

Financially, the 'i' will be a strong cash generator for the Group as we continue to invest across the portfolio, both organically and through acquisitions.
 
DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment.
Details
Date Published: 02/12/2019
Target: ´i´
Country: UK
Deal Size: 64m (USD)
Sector: Media
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: DMGT media
Comment:


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