Profile
Telegraph Media Group (TMG) is the publisher of The Daily Telegraph, The Sunday Telegraph, The Telegraph Magazine, The Spectator, Telegraph.co.uk, and the Telegraph app.
The Daily Telegraph and Courier was first published in 1855, and The Sunday Telegraph launched in 1961.
In March 2023, Telegraph Media Group announced its acquisition of The Chelsea Magazine Company (CMC), an independent publisher of lifestyle content. David and Frederick Barclay acquired the group in July 2004 for £665m after an intense bidding process.
The Spectator and The Telegraph are right-wing publications that have strongly endorsed the Tory party in the UK for many decades.
In June 2023, the group was put up for sale after its parent company faced financial difficulties. Lloyds Banking Group took control due to debts amounting to about £1.1bn (US$1.4bn). In October 2023, RedBird IMI, backed by Sheikh Mansour bin Zayed al-Nahyan and the US investment firm RedBird Capital Partners, took control of Telegraph Media Group by paying off Barclays’ outstanding debt in full.
In April 2024, RedBird IMI was forced to put the publications back up for sale following a new law amendment by the British Conservative government to block foreign states or associated individuals from owning newspaper assets in the UK.
As of July 2024, TMG has still been up for sale.
