US bidder Dovid Efune set to buy Telegraph for £550m next week Media Dovid Efune, the owner of the New York Sun, is reportedly on the verge of buying The Daily Telegraph and its Sunday title for £550m, with signs a deal could be inked as early as next week. This weekend, Efune was engaged in advanced discussions with Redbird IMI, the current proprietor of the British broadsheet, although [...]
Michael Gove to become new Spectator editor following sale Media Former Tory Cabinet minister Michael Gove is poised to become the new editor of The Spectator, pending approval from the Advisory Committee on Business Appointments (ACOBA). If greenlit, Gove will succeed long-time editor Fraser Nelson, who will retire after a 15-year tenure. The move comes after Old Queen Street (OQS) Media, owned by British entrepreneur [...]
Farage revealed as highest-earning MP, receiving £98,000 a month from GB News Politics Reform UK leader Nigel Farage has been revealed to be the highest-earning MP. The MP for Clacton said he is receiving almost £98,000 a month for presenting GB News, for a reported 32 hours a week, as a full list of MPs’ registered financial interests was published on Friday. During the general election, Mr Farage [...]
Sir Paul Marshall: Hedge fund owner and GB News shareholder poised to snap up The Spectator August 1, 2024 The hedge fund magnate and GB News shareholder Sir Paul Marshall is is close to securing a deal to buy The Spectator, one of Britain’s top political magazines. According to Sky News, Sir Paul, co-founder of Marshall Wace, is the leading bidder for The Spectator, which is being auctioned alongside the Daily and Sunday Telegraph [...]
Daily Mail owner pulls out of Telegraph race due to ‘overly restrictive’ new rules July 11, 2024 Daily Mail owner DMGT has pulled out of the race to own the Telegraph conceding that it would become embroiled in a protracted and knotty process with competition authorities, blaming to updated governing rules and the "new government".
Lord Saatchi considering a move for The Telegraph ahead of bid deadline July 7, 2024 Advertising giant and Conservative peer Lord Saatchi is considering making a bid for The Telegraph, according to a report.
Media secretary demands updates into Redbird IMI’s Telegraph sale May 3, 2024 Earlier this week, Abu Dhabi-backed investment fund Redbird IMI formally withdrew its offer for the Telegraph and launched a sale of it.
Telegraph takeover: Could Yorkshire Post owner National World win race as it declares itself ‘the best’? March 21, 2024 National World, the owner of titles such as the Yorkshire Post and The Scotsman, has stepped up its interest in buying the Telegraph.
UK government moves to block Telegraph deal and foreign takeovers March 13, 2024 The amendment may derail the proposed £600m purchase of the Telegraph by an Abu Dhabi-backed investment fund.
Abu-Dhabi backed RedBird IMI makes £1bn swoop on another London media company, All3Media February 16, 2024 Investment fund RedBird IMI is set to snap up British TV and film production company All3Media just months after pouncing on the Telegraph.