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DMGT reinforces consumer science - New Scientist joins Mail stable

4 March 2021
Access report

Capital-rich DMGT has offered a £70m cash consideration, c.10x EBITDA, for New Scientist.

DMGT has tightened its portfolio in recent years, and recent acquisitions firmly push the core business back towards consumer media.

Why New Scientist?

 

 

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  • The ayes have it: DMGT scoops the i

    10 December 2019

    Low-priced quality tabloid the i has been bought by DMGT for £49.6m, a 4.5x multiple on historical operating profit. The sale provides a lifeline to JPI Media as Reach has withdrawn from negotiations for the local estate

    The i signals growing confidence in consumer media at DMGT after a long period rebalancing the portfolio towards B2B, and new ownership serves as an opportunity to rethink and drive the i’s online service

    Although the acquisition will be reviewed by the Competition and Markets Authority (CMA), we expect the deal to pass

    Access report