Daily Mail and General Trust (DMGT) and Nine Entertainment Company (NEC) today announced that Daily Mail Australia is to become a 100%-owned DMGT publication.
Martin Clarke, Global MailOnline Publisher and CEO, said: “I’d like to thank Nine for its sterling support since we launched two years ago to make Daily Mail Australia one of Australia’s leading news sites but both companies felt that in a changing media landscape the needs of the website were best served by sole-ownership going forward.
“We are now planning for even more investment in our editorial and commercial offerings,” Mr Clarke said.
Hugh Marks, CEO, Nine Entertainment Company said: “As our consumer and commercial interests evolve we have agreed with DMGT that our individual interests are best served by unwinding the JV – the NEC team wish them well as they continue to build their business in the Australian market.”
Today’s announcement will see no change to the Daily Mail Australia website. It will continue to service its approximately two million Australian readers with its newsroom and commercial teams located in Sydney, Melbourne and Brisbane.
Peter Holder will continue as Managing Director of Daily Mail Australia reporting to Global MailOnline Publisher and CEO, Martin Clarke and will lead the recruitment of an expanded sales team and offices to accommodate new commercial and editorial hires.
Daily Mail Australia launched on 1 January 2014 and since then has grown to sit in the top five news and entertainment websites in Australia.