The Guardian reports that Daily Mail & General Trust’s strong balance sheet could see it back on the acquisition trail – but not in regional newspapers. DMGT’s debt position has reduced from £1bn down to £862m in the year to 3 October.
Martin Morgan, the chief executive of Daily Mail & General Trust says that the first priority is extra investment in its existing operations, followed by “bolt-on acquisitions to good existing businesses”.
He is not looking to make a major acquisition in new sectors, nor is looking to buy a rival
- Associated Northcliffe Digital acquires 50% of Globrix Posted on January 24, 2010