"Daily Mail shares plummet 25% after announcing catastrophic £112m losses"
"Shares in the company that owns both The Daily Mail and MailOnline have plummeted by 25% after they announced a huge £112m loss.
The publications’ parent company DMGT made a profit of £202m in 2016, but said that ‘challenging conditions in some of our sectors’ had led to the huge losses incurred in 2017.
And, in a stark warning for the paper’s long term future, the company added that they expected 2018 to be just as tough.
"The news of the Daily Mail’s financial troubles will also come as fantastic news to supporters of Jeremy Corbyn, who has endured a torrid campaign of abuse from the far-right publication.
The Daily Mail subjected the Labour leader to an astonishing 14 pages of negative coverage on the day of the election, a barrage that Corbyn responded to in hilarious fashion during Labour’s jubilant Conference earlier this year.
In scenes that delighted Labour members and supporters, the Labour leader essentially told The Daily Mail to go f*** itself:"
"Shares in the company that owns both The Daily Mail and MailOnline have plummeted by 25% after they announced a huge £112m loss.
The publications’ parent company DMGT made a profit of £202m in 2016, but said that ‘challenging conditions in some of our sectors’ had led to the huge losses incurred in 2017.
And, in a stark warning for the paper’s long term future, the company added that they expected 2018 to be just as tough.
"The news of the Daily Mail’s financial troubles will also come as fantastic news to supporters of Jeremy Corbyn, who has endured a torrid campaign of abuse from the far-right publication.
The Daily Mail subjected the Labour leader to an astonishing 14 pages of negative coverage on the day of the election, a barrage that Corbyn responded to in hilarious fashion during Labour’s jubilant Conference earlier this year.
In scenes that delighted Labour members and supporters, the Labour leader essentially told The Daily Mail to go f*** itself:"