Daily Mail Offers [Gbp]48m for Property Website Fastcrop

The HeraldDecember 09, 2005

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Summary


NEWSPAPER group Daily Mail & General Trust yesterday made a [GBP]48m all-cash offer for property website operator Fastcrop - apparently as part of its strategic shift away from the local newspaper market and deeper into online operations.

Earlier this month, the Daily Mail hoisted a "for sale" sign over its 100-strong stable of regional newspaper titles, which includes the Aberdeen Press & Journal and Evening Express, in a deal that could fetch up to [GBP]1.6bn.

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Daily Mail Offers [Gbp]48m for Property Website Fastcrop

The group, which also owns Associated Newspapers - home to the Daily Mail and London's Evening Standard - said...

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