Daily Mail owner seals £500m deal for The Telegraph Media Daily Mail owner DMGT has struck a £500m deal to buy the Telegraph Media Group, drawing a line under one of the most drawn-out and politically fraught takeover battles in the British press. The publisher has entered an exclusive period of talks with RedBird IMI, the Abu Dhabi-linked fund whose own attempt to buy the [...]
The Capitalist: Reform chairman recalls encounter with evil spirits Opinion Baby bans, fake news and paranormal activity at Reform. Catch up on the latest gossip in this week's instalment of The Capitalist.
Angela Rayner pushes for tax hikes on savers, in split with Reeves Politics Angela Rayner reportedly pushed for a £4bn tax raid on wealthier Brits in the lead up to the Spring Statement, in signs of a senior Cabinet level split on economic policy. According to a leaked note reportedly seen by The Telegraph, the Deputy Prime Minister lobbied the Chancellor to introduce billions of pounds of taxes [...]
Behind the bid: Dovid Efune’s shot at The Telegraph hangs in the balance November 26, 2024 As he took to the stage in New York to address the Algemeiner Journal’s annual gala last year, Dovid Efune was in a resolute mood. Fewer than two weeks had passed since the October 7 massacre, and the Jewish newspaper’s executive chairman – and owner of the New York Sun – opened his speech with [...]
US bidder Dovid Efune set to buy Telegraph for £550m next week October 6, 2024 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 September 25, 2024 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 August 17, 2024 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.