Mecom Group
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| Public (: ) | |
| Industry | Publishing |
| Founded | 2005 |
| Headquarters | London, United Kingdom |
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Key people
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Stephen Davidson (Executive chairman) |
| Revenue | €492 million (2012)(six months to June 2012) |
| €43.1 million (Loss) (2012) (six months to June 2012) | |
| Website | www |
Mecom Group plc is a newspaper publishing company headquartered in London, United Kingdom.
It is listed on the 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.
The company was founded in 2005 by David Montgomery, a former CEO of the Mirror Group and former editor of The Sun, Daily Mirror, News of the World and Today.
Mecom was first listed on the Alternative Investment Market in 2005. In 2008, Mecom was admitted to the main list of the . In September 2012, following a period of poor trading conditions and continued challenging advertising markets, the group announced a strategic review to examine all options for maximising shareholder value. These options include, but are not limited to, the disposal of some or all of the Group’s businesses.
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.
The Company owned around 300 titles and has had substantial operations in the Netherlands, Denmark, Norway, Germany and Poland. However, in 2009, Mecom sold all their newspapers in Germany to M. DuMont Schauberg and large parts of their newspapers in Norway.
Mecom Group’s Dutch division comprises the Wegener and LMG. Wegener is the biggest publisher of local daily newspapers and free door-to-door newspapers in the Netherlands. LMG is the leading regional newspaper company in the Dutch region of Limburg. In March 2012, Mecom reached an agreement to acquire 13.3% interest in Wegener resulting in Mecom holding 99.7% of the ordinary share capital of the company.
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Wikipedia