https://www.ft.com/content/44a8b2e5-...a-e0b69bc5e63b (paywall nonsense)
DMGT, the owner of the Daily Mail, has branched into scientific publishing by buying the title New Scientist from a group of investors for £70m in cash. The publication has a weekly circulation of about 120,000 copies, about half of which is in the UK. New Scientist derives about three-quarters of its revenue from subscriptions. The business is forecast to generate operating profit of about £7m this year, with sales exceeding £20m. The publication showcases the “best of science journalism”, Lord Rothermere, chairman of DMGT, said on Wednesday in a statement.
What a shame!
DMGT, the owner of the Daily Mail, has branched into scientific publishing by buying the title New Scientist from a group of investors for £70m in cash. The publication has a weekly circulation of about 120,000 copies, about half of which is in the UK. New Scientist derives about three-quarters of its revenue from subscriptions. The business is forecast to generate operating profit of about £7m this year, with sales exceeding £20m. The publication showcases the “best of science journalism”, Lord Rothermere, chairman of DMGT, said on Wednesday in a statement.
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