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Telegraph Media Group

From Wikipedia, the free encyclopedia
British newspaper company
Telegraph Media Group Limited
TMG
Company typeSubsidiary
IndustryMass media
Founded1948; 78 years ago (1948)
HeadquartersLondon, England, UK
Key people
ProductsNewspapers andwebsites
Revenue£254 million (2022)
£31 million (2021)
Total assets£255 million (2021)
OwnerPress Holdings
ParentPress Holdings
Subsidiaries
Websitecorporate.telegraph.co.uk

Telegraph Media Group Limited (TMG; previously theTelegraph Group) ownsThe Daily Telegraph andThe Sunday Telegraph and is a subsidiary ofPress Holdings.[1]David and Frederick Barclay acquired the group on 30 July 2004 fromHollinger Inc. ofToronto, Canada, the newspaper group controlled byConrad Black, after months of bidding and lawsuits.

In 2015, TMG'soperating profit was £51 million. According to unaudited accounts leaked toThe Guardian, profits before tax were £47 million, and turnover for the 53 weeks up to 3 January 2016 was £319 million. These figures indicate an increase from 2014 levels.[2]

In 2023, TMG acquired The Chelsea Magazine Company, publisher of magazines includingClassic Boat.[3]

Telegraph Media Group is a multimedia news company that publishes daily and weekly publications in printed and electronic formats. These publications cover politics, obituaries, sports, finance, lifestyle, travel, health, culture, technology, fashion, and automobiles.[citation needed]

In June 2023, the group was put up for sale after its parent company, B.UK, a Bermuda-based holding company, enteredreceivership. Howard and Aidan Barclay were removed as directors.[4]

Investment firmRedBird Capital Partners announced plans to purchase the publisher for £500 million (about $674 million) in May 2025,[5] but the deal collapsed in November 2025.[6] In the same month,Daily Mail and General Trust agreed to buy TMG.[7]

References

[edit]
  1. ^"Telegraph Media Group Limited".Bloomberg Businessweek.New York City:Bloomberg L.P. 12 September 2016. Archived fromthe original on 12 November 2007. Retrieved12 September 2016.
  2. ^Greenslade, Roy (17 February 2016)."Telegraph Media Group made £51m operating profit in 2015".The Guardian.London. Retrieved4 May 2016.
  3. ^"Telegraph Media Group acquires the Chelsea Magazine Company Ltd". 28 March 2023.
  4. ^"Telegraph Media Group set to be put up for sale".BBC News. 7 June 2023. Retrieved7 June 2023.
  5. ^Ramachandran, Naman (23 May 2025)."RedBird Capital Swoops on Telegraph Media Group in $674 Million deal".Variety. Retrieved23 May 2025.
  6. ^"Daily Telegraph: RedBird Capital pulls out of deal to buy newspaper".BBC News. 14 November 2025. Retrieved24 November 2025.
  7. ^"Daily Mail owner agrees to buy Daily Telegraph for £500m".BBC News. 22 November 2025. Retrieved24 November 2025.

External links

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