Telegraph Media Group Limited (TMG; previously the Telegraph Group) owns The Daily Telegraph and The Sunday Telegraph and is a subsidiary of Press Holdings.[1] David and Frederick Barclay acquired the group on 30 July 2004 from Hollinger Inc. of Toronto, Canada, the newspaper group controlled by Conrad Black, after months of bidding and lawsuits.
 | |
| TMG | |
| Company type | Subsidiary |
| Industry | Mass media |
| Founded | 1948 |
| Headquarters | London, England, UK |
Key people | |
| Products | Newspapers and websites |
| Revenue | £254 million (2022) |
| £31 million (2021) | |
| Total assets | £255 million (2021) |
| Owner | Press Holdings |
| Parent | Press Holdings |
| Subsidiaries | |
| Website | corporate |
In 2015, TMG's operating profit was £51 million. According to unaudited accounts leaked to The 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 including Classic 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, entered receivership. Howard and Aidan Barclay were removed as directors.[4]
Investment firm RedBird Capital Partners announced plans to purchase the publisher for £500 million (about $674 million) in May 2025.[5]
References
edit- ^ "Telegraph Media Group Limited". Bloomberg Businessweek. New York City: Bloomberg L.P. 12 September 2016. Archived from the original on 12 November 2007. Retrieved 12 September 2016.
- ^ Greenslade, Roy (17 February 2016). "Telegraph Media Group made £51m operating profit in 2015". The Guardian. London. Retrieved 4 May 2016.
- ^ "Telegraph Media Group acquires the Chelsea Magazine Company Ltd". 28 March 2023.
- ^ "Telegraph Media Group set to be put up for sale". BBC News. 7 June 2023. Retrieved 7 June 2023.
- ^ Ramachandran, Naman (23 May 2025). "RedBird Capital Swoops on Telegraph Media Group in $674 Million deal". Variety. Retrieved 23 May 2025.
External links
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