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Money Daily Mail plots bid for The Week magazine

04:20  12 july  2018
04:20  12 july  2018 Source:   news.sky.com

Everton reportedly close to landing Brazilian winger

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The head office of the Daily Mail in west London © PA The head office of the Daily Mail in west London

The Daily Mail's owner has tabled a bid to buy the current affairs magazine The Week amid a hotly contested battle to break up the media group behind Viz.

Sky News has learnt that Daily Mail & General Trust (DMGT) lodged a formal offer last week for the title, which is part of privately owned Dennis Publishing.

DMGT, which is close to landing a £640m windfall from the takeover of Zoopla-owner ZPG, is also understood to be keen to acquire Moneyweek and The Week's US sister title as part of a deal.

A source close to the auction of Dennis, which was created by the late media tycoon Felix Dennis, said DMGT had not bid for the remainder of the company's titles, such as Viz and a cluster of computing and automotive magazines.

West Ham reportedly see Marcelo bid turned down

  West Ham reportedly see Marcelo bid turned down West Ham have reportedly seen a bid worth £18 million rejected by Lyon for their experienced central defender Marcelo. The Brazilian has been linked with a move to the London Stadium in recent weeks and according to a report from the Daily Mail, the Hammers have seen their opening offer for the player turned down. West Ham are well-stocked with central defensive options following the signings of Issa Diop and Fabian Balbuena this summer, but following the long-term injury sustained by Winston Reid, it’s claimed that the club are chasing another centre-back. The Daily Mail claim that Lyon, who only secured the signing of Marcelo last summer, are willing to sell the player but only if an offer in excess of £20 million is put on the table. Marcelo, who is now 31-years-old, enjoyed a strong season with Lyon and appears to be one of several players who are being considered by the Hammers this summer.

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  Daily Mail plots bid for The Week magazine © PA

The listed media company is understood to be keen to promote The Week across its national newspapers and to expand the magazine more aggressively in the US.

Dennis has been put up for sale by the executors of its founder's estate, with the proceeds expected to be distributed to The Heart of England Forest Charity, which was also set up by tree-loving Mr Dennis.

The charity's trustees are chaired by Jon Snow, the Channel 4 News presenter.

DMGT is facing competition for Dennis's assets from a number of private equity firms, including Equistone, HIG and Inflexion.

Some of the bidders have lodged offers for the entire business, while others have identified specific titles that they want to buy.

Epiris, another financial investor which owns the TV Times publisher Time Inc UK, has also been linked to a bid for the Dennis titles.

Kenedy set to seal season-long loan move to Newcastle

  Kenedy set to seal season-long loan move to Newcastle Chelsea winger Kenedy is closing in on a season-long loan move to Newcastle United, according to reports. According to claims from the Daily Mail, the exciting Brazilian youngster will spend next season on loan with Rafa Benitez’s side after enjoying a strong second half to the last campaign at St James’ Park. Kenedy joined the Magpies on a short-term temporary deal from Chelsea in January and went on to impress, establishing himself as something of a fans’ favourite. However, it was unclear as to whether or not he would return for the 2018/19 season, be it on a temporary or permanent basis. It seems as though Kenedy’s move to Newcastle is set to be confirmed in the near future, though, with the Daily Mail indicating that a deal has been wrapped up. Following such an impressive spell up north, Kenedy was courted by a number of top European clubs, including Bayern Munich and PSG. Chelsea are well-stocked with attacking options and it seems Kenedy is surplus to requirements ahead of next season.

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Both Dennis and Time Inc UK have provided evidence of the toll being exerted on print media groups in recent years amid growing pressure on advertising revenues as readers increasingly shift online.

In 2009, Dennis ceased publication of Maxim UK's print edition following a catastrophic decline in sales in the lads' mags‎ category.

However, The Week, which is likely to be valued at well over £100m, has seen its circulation rise steadily even as the newspaper titles it summarises have seen demand shrink at a rapid rate.

Publishers say The Week has over 350,000 readers. Pic: Dennis © Other Publishers say The Week has over 350,000 readers. Pic: Dennis

Figures produced by PricewaterhouseCoopers suggest that print advertising revenue for consumer magazines will fall to $6.7bn in the US by 2021, less than half the $13.6bn that magazines took in 2012.

Print circulation sales are projected to drop 23% to $6.1bn over the same period, and industry trends are broadly similar in the UK.

The Dennis auction is being handled by Livingstone Corporate Finance, an advisory firm.

Cardiff, Middlesbrough and Newcastle interested in Phillips .
Cardiff, Middlesbrough and Newcastle are all fighting for the signature of West Brom winger Matt Phillips, according to the Daily Mail. Phillips future at West Brom is in doubt after Albion were relegated from the Premier League last season. Cardiff are reportedly plotting an £11 million offer for the Scottish international, but Newcastle and Middlesbrough are also showing interest in Phillips. Boro boss Tony Pulis is very familiar with Phillips, having worked with him at Albion, and would be keen on a reunion in the North East. However, Neil Warnock is keen to improve his squad ahead of the Premier League season, with the draw of Premier League football potentially luring Phillips to Wales. However, the Daily Mail report that West Brom might not be interested in selling Phillips. West Brom will have a tough task to gain promotion at the first time of asking back to the Premier League, so may want to keep a key player such as Phillips for the promotion fight.

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