Douglas McCabe was quoted in the Financial Times on "City AM put up for sale after 17 years"
4 July 2023Douglas McCabe, an analyst at Enders, said that City AM was likely to fetch a “very small” price because it was almost certainly a loss-making business, but that this would depend on what value a buyer would put on the brand and its readership. He said:
“If a buyer was going to put in money it’s because they believe they can do something with it as a digital brand. Free print media is tough. The pandemic has removed commuting in scale across the City across the five days but Brexit has also affected the paper’s corporate advertising.”