Mecom Group


Mecom Group
Mecom Group plc
Type Public (LSEMEC)
Industry Publishing
Founded 2000
Headquarters London, United Kingdom
Key people Stephen Davidson
(Executive chairman)
Revenue £982.8 million (2007)
Operating income £(8.0) million (2007)
Net income £(23.8) million (2007)
Website www.mecom.com

Mecom Group plc (LSEMEC) is a newspaper publishing company headquartered in London, United Kingdom.

It is listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until 22 December 2008, when it became one of three media companies to fall out of the index.[1]

Contents

History

The company was founded in 2000 by David Montgomery, a former CEO of the Mirror Group and former editor of The Sun, Daily Mirror, News of the World and Today.[2]

Mecom was first listed on the Alternative Investment Market in 2005.[3]

In 2008, Mecom was admitted to the main list of the London Stock Exchange.[4]

Growth through acquisition

Operations

In 2010, half the revenue and three-quarters of the profit comes from the Dutch Wegener group. Mecom is considered no more than a holding company with more debts (370 mil.) than stock value (320 mil.). [10]

The Company owned around 300 titles and has had substantial operations in the Netherlands, Denmark, Norway, Germany and Poland.[11] However, in 2009, Mecom sold all their newspapers in Germany to M. DuMont Schauberg and large parts of their newspapers in Norway.

References

External links


Wikimedia Foundation. 2010.

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