Daily Mail Warns of 'Year of Transition' for Its Business

Shares in Daily Mail & General Trust slumped the most since 2001 after giving investors news they didn't want to hear: 2018 will essentially be a lost year.The publisher of the Daily Mail newspaper said fiscal 2018 will be a "year of transition," warning of weakness across its businesses, a higher tax rate and a hit from asset sales. The stock fell as much as 29 percent Thursday, the most since the Sept. 11 attacks, when the company's trade publishing business suffered losses from canceled New York events.The plunge shows some investors are losing patience with the company's delays in delivering a turnaround, a little over a year after CEO Paul Zwillenberg took over. Panmure Gordon & Co. berated the company for what it called "arguably the fifth transitional year in a row," highlighting how one of Britain's biggest media brands is struggling to reinvent itself from a tabloid publisher to a diversified global media group. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2017-11-30 00:00:00 UTC ]

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Daily Mail Invests $3 Million in Native Partner Taboola

The Daily Mail is announcing today that it has invested $3 million in publishing-tech company Taboola, and there are two big reasons why—native ad dollars and speed. "At the end of the day, we have to move so quickly," said Jon Steinberg, CEO of Daily Mail North America. "We're all competing... Continue reading at AdWeek

[ AdWeek | 2015-06-04 00:00:00 UTC ]
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JK Rowling vindicated over Daily Mail's false claims, high court told

Harry Potter author’s lawyer says allegations left her ‘distressed’, but she is ending her libel case after receiving an apology and substantial damagesAuthor JK Rowling has been “fully vindicated and her reputation restored” following the Daily Mail’s apology for alleging she wrote a “sob... Continue reading at The Guardian

[ The Guardian | 2015-05-21 00:00:00 UTC ]
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USA Today Could End Daily Print Edition in 'Five or Six Years,' Editor-in-Chief Says

USA Today could stop publishing a daily print newspaper as soon as in the next "five or six years," the paper's editor-in-chief, David Callaway, said in response to a question during an Internet Week New York panel Wednesday.To be sure, a print product of some kind will likely continue for "the... Continue reading at Advertising Age

[ Advertising Age | 2015-05-20 00:00:00 UTC ]
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Duffy leaving Tesco for Daily Mail

Tesco’s book buying manager Paul Duffy is set to leave the supermarket in a few weeks’ time. The Bookseller can report that Duffy, Tesco’s head of buying for newspapers, magazines and books, will soon join the Daily Mail as the company’s head of retail sales and trade marketing. A spokesperson... Continue reading at The Bookseller

[ The Bookseller | 2014-11-21 00:00:00 UTC ]
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Piketty named FT/McKinsey Business Book of the Year

Thomas Piketty's Capital in the Twenty-First Century has triumphed at the Financial Times and McKinsey Business Book of the Year Awards. Piketty's book, a nearly 700-page exploration of economic processes that concentrate wealth and build inequalities, was chosen as the winner of the £30,000... Continue reading at The Bookseller

[ The Bookseller | 2014-11-12 00:00:00 UTC ]
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Piketty Takes 2014 'FT,' McKinsey & Co Business Book of the Year Award

The prize, which comes with a £30,000 purse, was presented to Thomas Piketty’s editor, Harvard's Ian Malcolm, at a ceremony in London on November 11. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-11-11 00:00:00 UTC ]
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Shortlist Announced for 'FT,' McKinsey & Co Business Book of the Year Award

The winner will be announced at a dinner ceremony on November 11 in London, and will receive £30,000, with each shortlisted author receiving £10,000. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-24 00:00:00 UTC ]
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Daily Mail and Guardian digital 'minnows', says News UK chief

Mike Darcey says relying on online ads as main revenue stream is risky in market containing rivals such as Google and FacebookNews UK chief executive Mike Darcey has called the Guardian and Daily Mail digital "minnows" – despite the publishers' boasting a combined monthly online readership of... Continue reading at The Guardian

[ The Guardian | 2014-03-05 00:00:00 UTC ]
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Harriet Harman: 'The Daily Mail should be apologising, not me'

Labour deputy leader claims paper's associate editor has admitted she was never an apologist for paedophiliaHarriet Harman has again called on the Daily Mail to "apologise and put the record straight" over its claims she turned a blind eye to a paedophile lobbying group in the 1970s.The Labour... Continue reading at The Guardian

[ The Guardian | 2014-02-26 00:00:00 UTC ]
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Daily Mail tops the league of press regulation code breaches

The Press Complaints Commission has published the statistical breakdown that was requested when its chairman, Lord Hunt, appeared before the commons media and culture select committee two weeks ago.The PCC has put up two tables on its website. One shows all recorded breaches of the editors' code... Continue reading at The Guardian

[ The Guardian | 2014-02-13 00:00:00 UTC ]
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JK Rowling sues Daily Mail for libel over 'single mother' article

Harry Potter author seeks 'unspecified damages' for 'causing distress'The Daily Mail has taken down a story from its website about the author JK Rowling after she sued the paper for libel.Rowling says the online article, headlined "How JK Rowling's sob story about her past as a single mother has... Continue reading at The Guardian

[ The Guardian | 2014-01-31 00:00:00 UTC ]
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Daily Mail editor Paul Dacre's pay rises to £1.85m

Mail veteran continues to be best-paid UK newspaper editor, taking home £500,000 'supplement' on top of his base salaryPaul Dacre continues to be the best-paid UK newspaper editor, taking home more than £1.8m last year, according to Daily Mail & General Trust's latest annual report.Dacre,... Continue reading at The Guardian

[ The Guardian | 2014-01-07 00:00:00 UTC ]
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For Sale or in Flux, a Big Year Looms for Business Magazines

With Forbes for sale, Fortune's website divorcing from CNNMoney.com and Bloomberg Businessweek getting assessed as part of a companywide strategic review at Bloomberg, the year ahead could see a dramatic shift for top business magazines.The category offers a glimpse into the publishing world at... Continue reading at Advertising Age

[ Advertising Age | 2014-01-04 00:00:00 UTC ]
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Mail Online passes 10m daily browsers

Daily Mail website continues spectacular growth, also attracting a record 168 million monthly unique browsers in November Mail Online continues to break traffic records, topping 10 million daily average unique browsers for the first time in November.The digital juggernaut is yet to see a... Continue reading at The Guardian

[ The Guardian | 2013-12-12 00:00:00 UTC ]
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Daily Mail overtakes Sun as biggest-selling Saturday paper

News UK red-top outsold by rival by more than 20,000 copies in November, but remains the UK's top-selling title across six daysThe Daily Mail overhauled the Sun in November to become the UK's biggest-selling Saturday paper for the first time.However, the News UK red-top remains by some distance... Continue reading at The Guardian

[ The Guardian | 2013-12-06 00:00:00 UTC ]
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Daily Mail apologises to Robert Peston - with a sting in the tail

The Daily Mail carries a piece today in which it apologises to the BBC's business editor, Robert Peston for having revealed that his late wife had cancer.In 2008, the paper reported on the illness of Peston's wife, Sian Busby, without giving the couple any advance warning or checking whether... Continue reading at The Guardian

[ The Guardian | 2013-11-28 00:00:00 UTC ]
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Robert Peston attacks Daily Mail for revealing wife's cancer

BBC business editor calls for 'common decency on newspapers' amid criticism of Daily Mail for disclosing details of wife's illnessRobert Peston, the BBC's business editor, has criticised the Daily Mail for revealing that his late wife had cancer without calling her to check the story and before... Continue reading at The Guardian

[ The Guardian | 2013-11-27 00:00:00 UTC ]
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