DMGT, publisher of the Daily Mail and Mail Online, sees share price fall nine per cent after company issues profit warning as supermarkets cut costs on print advertising | City A.M.
Shares in DMGT fell by nine per cent today after the Daily Mail publisher reported a double-digit decline in print advertising led by cost-cutting supermarkets.
DMGT issued a profit warning after its DMG Media division – which houses the Mail and Metro newspapers as well as Mail Online and makes up around a third of turnover – reported a four per cent decline in revenues to £358m in the six months to 31 March.
DMGT issued a profit warning after its DMG Media division – which houses the Mail and Metro newspapers as well as Mail Online and makes up around a third of turnover – reported a four per cent decline in revenues to £358m in the six months to 31 March.
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