Rothermere sells £540,000 of DMGT shares

LONDON - Daily Mail & General Trust chairman Lord Rothermere has sold about £540,000-worth of shares in the group.

DMGT: Lord Rothermere sells tranche of shares
DMGT: Lord Rothermere sells tranche of shares

According to a statement released to the London Stock Exchange, Rothermere sold 325,295 shares at a price of £2.29 per share.

According to the stock Exchange, Rothermere still holds nearly 76 million shares, equating to 21.05% of the company's stock.

Other leading shareholders in the group include financial institutions Cazenove (£190.5m-worth of shares), Citigroup (£179.4m) and Morgan Stanley (£189.2m), according to City estimates for the year ending 4 October 2008.

Rothemere's selling of the shares follows the group's sale of the Evening Standard to Russian oligarch Alexander Lebedev.

It also follows news that DMGT has doubled the estimated number of job cuts at Northcliffe Media, its regional division, to about 1,000 jobs, following an advertising slump.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Waitrose boosts content strategy with 'Weekend Kitchen with Waitrose' C4 tie-up

Waitrose boosts content strategy with 'Weekend Kitchen with Waitrose' C4 tie-up

Waitrose has joined forces with Channel 4 and produced a Saturday morning lifestyle and cookery programme called 'Weekend Kitchen with Waitrose', with TV presenters Lisa Snowdon and Steve Jones signed up to front it.

Share
Newspaper ABCs: Guardian smashes through 100m browsers in March 2014

Newspaper ABCs: Guardian smashes through 100m browsers in March 2014

The Guardian reached more than 100 million monthly unique browsers for the first time in March, according to Audit Bureau of Circulations figures published today.

Share
Toyota achieves the impossible by calming angry Roman drivers

Toyota achieves the impossible by calming angry Roman drivers

Italians swearing and shouting while sitting behind the wheels of their cars and negotiating the busy streets of Rome could become a thing of the past if they all start driving Toyota's Hybrid vehicles, implies a short film for the car brand.

Share

Get news by email