Telegraph bought by US private equity giant Media The Daily Telegraph is poised to be sold to an investment consortium led by a US private equity firm, bringing a likely end to two years of uncertainty over its ownership. Redbird Capital Partners, one half of the vehicle which first bought the broadsheet newspaper from Lloyds bank in 2023, is the lead investor in [...]
Daily Mail announces further round of job cuts Media The owner of the Daily Mail has told staff to expect another round of redundancies as it finalises its overhaul to make the outlet operate as one seven-day operation across online and print. In a letter to the news outlet’s employees on Thursday co-authored by the Daily Mail’s editor-in-chief, Ted Verity, and the chief executive [...]
Daily Mail owner pulls out of Telegraph race due to ‘overly restrictive’ new rules Media 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".
Losses balloon to £44m at Daily Mail, Mail on Sunday and The i April 30, 2024 All of the Daily Mail, The Mail on Sunday and The i sold fewer copies in 2023 than in 2022, while Mail Online saw a decline in visitors.
