Douglas McCabe was quoted in an article on the Telegraph Media Group’s 32% dip in operating profits which comes in face of declining print advertising. Nick Hugh, TMG’s Chief Executive since summer 2017, plans to reverse this decline by through registration. He aims to have 10m registered users and a target of 3m by the end of the 2018 fiscal year. Douglas stated that “At one level no one wants to embrace a big profit decline, but on the other hand it does reflect a strategic investment in journalism which looks sensible, as does the focus on membership and subscriptions.”