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The Times pokes through DMGT’s financials ahead of its annual earnings report this Wednesday and finds the influence of the Associated and Northcliffe news publishers waning. While most still know outfit as the Daily Mail’s (LSE: DMGT) publisher, subsidiaries like RMS (insurance risk modeling), Dolphin (chemicals data) and Genscape (electricity monitor) will this week contribute more to earnings than those core news products, the article forecasts.
This would be underlined by what is reported to be the imminent replacement of CEO Charles Sinclair by someone without a publishing track record – Martin Morgan, head of the DMG Information division that oversees those subsidiaries, is in line, The Times says elsewhere. Finance director Peter Williams calls this diversification “a strength”. The share price says otherwise, collapsing from a May year-high of 864.50p to around 569p today…
As big media like Trinity Mirror (LSE: TNI) and Gcap begin to report an improving conventional advertising market, we’ll be keeping an eye on whether DMGT can do the same, and we’ll be expecting good growth contributed from its four property, seven dating, 16 motors and 38 recruitment sites – some of at least 111 online properties.