"Morgan Stanley has turned bullish on the newspaper industry. ... Stock prices in the sector have fallen enough... [DMGT] offers 'excellent upside' with value also emerging at Johnston Press and Trinity Mirror, says Morgan. In other words, buy on weakness
Dan Sabbagh: "As Trinity Mirror and Daily Mail and General Trust have now tested to destruction – trophy assets, such as The Daily Telegraph, aside – nobody thinks newspapers are worth much."
"Daily Mail and General Trust remains confident in the future of the UK newspaper industry in spite of the "slow and steady decline" of the print versions of local titles, according to Peter Williams, finance director."
"The Daily Mail and General Trust has become the latest company to brush off fears that turmoil in the financial markets will hit its advertising revenues."
"Metro is set to launch in Dundee and Perth in the next few weeks as part of a major expansion around the UK. ... [T]otal daily distribution of the free paper is set to rise from 1.1 million to 1.35m copies as every UK edition is beefed up."