Race to buy The Telegraph Who are the latest runners and riders

The formal sale process for Telegraph Media Group and The Spectator – both profitable businesses – began on Friday 20 October. Several well-known media figures have expressed an interest in taking part in the auction for the media brands, including bosses behind the Daily Mail, GB News and The News Movement – as well as The Telegraph’s most recent owners themselves. The starting gun was fired in June when Lloyds Banking Group seized The Telegraph and The Spectator from the Barclay family, who owed around £1bn in outstanding debt. The current value of The Telegraph has been put at around £600m. Since the process began, its latest financial results have been published, indicating growing profit and revenues.
Telegraph Media Group reported turnover for 2022 up 4% year-on-year to £254.2m and profit before tax up 32% to £39m. The publisher, including recent acquisition Chelsea Magazine Company, has also reached the milestone of one million subscriptions.

https://pressgazette.co.uk/publishers/nationals/telegraph-sale-latest-bidders-investors-spectator/

You can catch Myself & Lee Corne every Wednesday 9PM UK Time on The Snowflake Show https://www.youtube.com/@TheSnowflakeShow

All my social media links here:
https://linktr.ee/reganelite

The Snowflake Server:
https://discord.gg/xCjFtYdSJp

Buy me a Coffee
https://www.buymeacoffee.com/Reganelite