Acquisition of New Scientist (1172619)

Daily Mail and General Trust plc (DMGT) 
Acquisition of New Scientist 
03-March-2021 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
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3 March 2021 
 
Daily Mail and General Trust plc (DMGT) 
Acquisition of New Scientist 
 
DMGT announces that dmg media, its Consumer Media business, has acquired New Scientist, one of the world's leading 
science publishing titles, from a consortium of individual investors led by Sir Bernard Gray, for GBP70m cash 
consideration. 
New Scientist has a large and growing international readership, with a weekly circulation of approximately 120,000, of 
which just over half are UK-based.  The business also has a high-quality revenue base with about 75% derived from 
subscriptions. In 2021, the business is expected to generate cash operating income and operating profit of 
approximately GBP7m and revenues are expected to exceed GBP20m. 
Lord Rothermere, Chairman of DMGT, said: "New Scientist is a world-renowned publication loved by its readers, and we 
are both thrilled and proud to welcome it to the DMGT family.  They are a specialised and talented team who showcase 
the best of science journalism, bringing integrity, curiosity and craftmanship to their work.  We are very much looking 
forward to supporting their exciting plans to grow as the go-to publication for anyone interested in the scientific 
world around us." 
Paul Zwillenberg, DMGT CEO, added: "The acquisition of New Scientist marks an exciting new addition to the DMGT 
portfolio and reflects our disciplined approach to acquisitions.  It is a natural step in our consumer strategy to 
improve the quality of our revenues through building up subscriptions and digital capabilities. We are committed to 
supporting the talented team and their plans for the future and are confident that the business is well positioned for 
future growth." 
 
Enquiries 
Investors: 
Tim Collier, Group CFO                    [phone] 
Adam Webster, Head of Investor Relations  [phone] 
 
Media: 
Doug Campbell, Teneo                      [phone] 
Paul Durman, Teneo                        [phone] 

About DMGT

DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information, education technology and events & exhibitions. In total, DMGT generates revenues of around GBP1.2bn. -----------------------------------------------------------------------------------------------------------------------

ISIN:          GB00BJQZC279 
Category Code: ACQ 
TIDM:          DMGT 
LEI Code:      4OFD47D73QFJ1T1MOF29 
Sequence No.:  94686 
EQS News ID:   1172619 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

March 03, 2021 02:00 ET (07:00 GMT)