Telegraph and Spectator sale paused after Abu Dhabi-backed fund agreement

5 days, 13 hours ago

Guardian’s Observer, world’s oldest Sunday newspaper, sold to Tortoise Media; it says, ‘will uphold historic values’

The owner of Britain's Guardian newspaper announced on Wednesday the sale of the Observer, the world’s oldest Sunday newspaper, to Tortoise Media for an undisclosed amount. The Scott Trust, which owns Guardian Media Group, stated that Tortoise Media is acquiring the Observer through a combination of cash and shares. Tortoise, founded in 2019 by James Harding, a former Times editor …

Media Guardian Harding Observer Tortoise Tortoise Media

Guardian urged to ‘press pause’ on Observer sale as more strikes planned

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The head of the UK’s union movement has weighed in …

Guardian Observer Tortoise Media Guardian Media Group

2 weeks, 3 days ago

Sale of UK’s Observer, world’s oldest Sunday newspaper and a bastion of liberal values, is agreed

Associated Press

LONDON — The sale of the Observer, the world’s oldest Sunday newspaper and a bastion of liberal values in Britain’s media landscape, was approved Friday despite two days of strike action from journalists this week. The Scott Trust, the owner of the Guardian Media Group, which includes the Observer and its sister paper the Guardian, said the sale to Tortoise …

London Media Guardian Observer Liberal Values

2 weeks, 4 days ago

UK's Guardian agrees sale of world's oldest Sunday paper

New Indian Express

LONDON: The Guardian Media Group announced Friday it had agreed to sell the world's oldest Sunday newspaper, The Observer, to online news company Tortoise Media, brushing aside strikes by staff. "The boards of the Guardian Media Group and its owner, the Scott Trust, have in principle approved the sale of The Observer to Tortoise Media," a statement said. "I recognise …

Media Guardian Observer Gmg Scott Trust Tortoise Media

1 month ago

Observer posts £3m profit ahead of potential sale to loss-making start-up

The Telegraph

The Observer made a profit of more than £3m last year, according to internal figures which raise questions over claims it must be offloaded to protect The Guardian. A report seen by The Telegraph shows that the Sunday title made a profit of £3.4m in the year to the end of March, outstripping forecasts by almost £300,000. It stands in …

Observer Profit Ahead

1 month ago

Telegraph marks a year in limbo as Starmer faces diplomatic pressure over sale

The Telegraph

When Lucy Frazer, the former culture secretary, intervened to halt the sale of The Telegraph to a fund backed by Abu Dhabi, it was clear the Gulf state’s swoop on the British media would not go smoothly. Few could have predicted, however, that a full year later RedBird IMI would be left clutching a newspaper it was legally blocked from …

Telegraph Redbird Imi

1 month, 3 weeks ago

Labour-linked investors attempt to gatecrash sale of The Observer

The Telegraph

A group of wealthy Labour figures is attempting to gatecrash the sale of The Observer by mounting a rival bid. The Telegraph has learnt that a consortium of investors has written to the board of Guardian Media Group to express their interest in tabling an offer for the Sunday newspaper. The identities of the investors is not yet clear, though …

Labour Observer Tortoise

1 month, 3 weeks ago

Guardian bosses offer concessions to save Observer sale from rebellion

The Telegraph

The owner of The Guardian has said it will retain a stake in the Observer as bosses try to quell a staff rebellion over plans to sell the Sunday newspaper to a loss-making media start-up. In a note to staff on Thursday, Anna Bateson, chief executive of Guardian Media Group, said the Scott Trust would keep a “small” stake in …

Guardian Observer

2 months, 1 week ago

US publisher Dovid Efune in exclusive talks to buy The Telegraph

The Telegraph

The publisher of US news website The New York Sun has entered exclusive talks to buy The Telegraph for more than £500m. Mr Efune said: “The Daily Telegraph and Sunday Telegraph symbolise the very best of world-class, independent journalism and a commitment to relentlessly seeking the public interest. It’s with these principles that The Telegraph is best positioned for even …

Telegraph Efune Exclusive Talks Redbird Imi Mr Efune

2 months, 3 weeks ago

Hugh Grant, Mary Beard and Damian Lewis attack ‘disastrous’ sale of The Observer

The Telegraph

Hugh Grant, Mary Beard and Damian Lewis are among dozens of celebrities who have hit out at The Guardian over “disastrous” plans to sell the Observer to a loss-making start-up. More than 70 high-profile culture figures have signed an open letter branding the move a “betrayal” and urging bosses to reject the deal with Tortoise Media. In the letter, published …

Hugh Grant Observer Mary Beard

3 months ago

Watch: Rupert Murdoch expected in Nevada court as Fox News and Wall Street Journal battle continues

The Independent

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Nevada Fox News Fox Wall Street Journal

3 months, 1 week ago

The Guardian in talks to sell The Observer to former BBC News chief

The Telegraph

He added: “George Orwell described The Observer as ‘the enemy of nonsense’; we’re excited to show readers, old and new, that it still is.” Katharine Viner, The Guardian editor-in-chief, said: “This has the potential to be a very positive thing for both The Observer and The Guardian. My number one priority is a future in which both titles continue to …

Guardian Observer Tortoise Gmg

3 months, 1 week ago

UK's Tortoise Media in talks to buy The Observer

New Indian Express

LONDON: The world's oldest Sunday newspaper, The Observer, could be sold, after its owner of more than 30 years and its potential buyer on Tuesday announced they were in talks. The Guardian Media Group, which reported rising losses last year, said it was in discussions to offload the weekly to "slow news" outlet Tortoise Media. Tortoise said it had approached …

Guardian Observer Gmg Tortoise Media

3 months, 1 week ago

Watch: Rupert Murdoch arrives at Nevada court to determine fate of Fox News and Wall Street Journal

The Independent

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Nevada Fox Murdoch Latest Headlines Mr Murdoch

3 months, 1 week ago

Andrew Neil steps down as Spectator chair after £100m sale to GB News investor finalised

The Independent

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Paul 20 Years Neil Telegraph Gb News Magazine Sir Paul

3 months, 1 week ago

Hedge fund investor buys UK political magazine The Spectator for $131 million

Associated Press

LONDON — A hedge fund investor has bought The Spectator, one of the world’s oldest political magazines, for 100 million pounds after a months-long search for a new owner for the British publication, those involved in the sale said Tuesday. His takeover of The Spectator came after the U.K. government blocked a United Arab Emirates-backed consortium from buying the Telegraph …

Spectator Telegraph Media

3 months, 1 week ago

Wickes sees profits tumble 25% in difficult DIY market

The Independent

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Sign Diy Wickes

3 months, 2 weeks ago

Watchdog launches investigation into Ticketmaster over Oasis ticket sales

The Independent

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Ticket Email Tickets Cma Ticketmaster Consumer Protection Law

5 months ago

Microsoft outage: Several broadcasters forced to go off air due to global IT disruption | FULL LIST

India TV News

Microsoft outage: A massive Microsoft outage on Friday led to a widespread chaos and confusion all over the world, stemming from the cancellation of flights, banks being inoperational all of a sudden and media outlets unable to broadcast. Some news outlets in the UK including CBBC and Sky News were impacted as the outage forced them to go off air. …

Microsoft Outage Sky News Exchange Microsoft Outage London Stock Exchange London Stock

5 months ago

Private equity firm plots takeover bid for Telegraph following Lord Rothermere withdrawal

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A private equity firm is plotting a takeover bid for …

Group Telegraph Cvc Redbird Imi Lord Rothermere Firm Plots

6 months ago

RedBird IMI opens bids for its sale of UK’s Telegraph newspaper

Live Mint

LONDON, June 21 - Abu Dhabi-backed RedBird IMI said on Friday it had opened bids for its sale of the Telegraph and Spectator, having reversed its decision to acquire the right-leaning newspaper group after the government intervened. "We can confirm that prospective owners are now able to submit their initial bids from today," a Redbird IMI spokesperson said. RedBird IMI …

Telegraph Redbird Imi Redbird Imi

7 months, 3 weeks ago

Reader's Digest to end after 86 years due to financial pressures

Daily Mail

Reader's Digest has been forced to close its door after 86 years in operations, due to ongoing 'financial pressures'. Eva Mackevic, the current editor-in-chief, heart wrenchingly made the announcement on LinkedIn yesterday evening that the British edition has 'come to an end' due to the 'unforgiving magazine publishing landscape'. In 1986 Readers Digest UK marked its 50th anniversary by planting …

London World Wallace Magazine Financial Pressures Readers Digest

7 months, 3 weeks ago

Telegraph takeover: Why did it collapse and what happens next?

The Independent

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Media Sale Takeover Process Fund Deal Telegraph

8 months, 2 weeks ago

TalkTV losses rise in second year of operation

The Independent

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Sun Million Emails Sign News Uk Talktv

8 months, 3 weeks ago

Farrukh Dhondy | Getting the news from TikTok and social media: Will bid to ban work?

Deccan Chronicle

“Dogs in our alley Are treated like kings by all No thief dare come near The cats who live here Don’t bother the rats or mice Truce has been declared The blind man who sits All day under the neem tree Singing the same song” From Kaiku Haiku, by Bachchoo For many decades of my short and happy life, gentle …

Social Media Media Tiktok Cia Ban Work

9 months ago

Gannett, McClatchy news chains say they will stop using Associated Press content

Associated Press

NEW YORK — The Gannett and McClatchy news chains, publishers of more than 230 outlets including USA Today and the Miami Herald, have said they will stop using journalism from The Associated Press amid continued financial pressures for the news industry. A memo from Gannett’s chief content officer Kristin Roberts directed the chain’s editors to stop using stories, videos and …

Easton Gannett Mcclatchy

9 months ago

UAE-backed Telegraph takeover potentially against public interest, Ofcom warns Culture Secretary

The Telegraph

A UAE-backed takeover of the Telegraph would potentially be against the public interest, the media regulator Ofcom has warned the Culture Secretary. “In particular, they consider that International Media Investments, a majority partner in RB Investco’s parent company, may have the incentive to influence TMG in a way that could potentially act against the public interest in the UK by …

Culture Media Public Interest Interest State Public Foreign

9 months ago

Five GB News programmes presented by Tory MPs broke broadcasting rules, Ofcom says

The Independent

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London Rules Programme Westminster Email View Tory Morning

9 months, 1 week ago

U.K. govt. says it will back legislation to ban foreign state ownership of British newspapers

The Hindu

The United Kingdom government said on Wednesday, March 13, 2024, it will back legislation banning foreign state ownership of British newspapers and magazines, a move that could upend a planned takeover by a United Arab Emirates-led consortium of the Telegraph Media Group. “What freedom of the press means is freedom from government.” The legislation stems from concern about the proposed …

Freedom British Takeover Press Telegraph Press Freedom Legislation Ban

9 months, 1 week ago

UK government says it will back legislation to ban foreign state ownership of British newspapers

Associated Press

LONDON — The U.K. government said Wednesday it will back legislation banning foreign state ownership of British newspapers and magazines, a move that could upend a planned takeover by a United Arab Emirates-led consortium of the Telegraph Media Group. “What freedom of the press means is freedom from government.” The legislation stems from concern about the proposed takeover of the …

Freedom British Takeover Telegraph Press Freedom

9 months, 2 weeks ago

Matches Fashion to enter administration after making ‘material losses’

The Independent

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Matches Frasers Group Material Losses

9 months, 2 weeks ago

More than 100 MPs back calls to block sale of Telegraph to UAE-funded firm

The Independent

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Email Westminster Email View Mansour Telegraph Redbird Imi Imi

9 months, 3 weeks ago

UAE taking over Telegraph for influence not investment, says peer

The Telegraph

Addressing the takeover, he said: “That doesn’t strike me as an investment opportunity; that strikes me as being an influence opportunity. And that is what is behind, I believe, the acquisition of the Daily Telegraph, and that is why a substantial premium is being offered.” The peer noted the UAE’s “dreadful record on censorship and editorial influence”, its “threats to …

Press Foreign Free Ofcom Telegraph Forsyth Our Nation

10 months, 1 week ago

Peter Oborne: Pearl-clutching over the UAE bid to buy the Telegraph has a whiff of hypocrisy about it – and self-interest

The Independent

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British Paper Uae Marshall Gb News Barclay Daily Telegraph

10 months, 1 week ago

UAE takeover of Telegraph would not be the last foreign media acquisition, warns Fraser Nelson

The Telegraph

The Abu Dhabi-backed takeover of The Telegraph and The Spectator would open the floodgates for “rich autocracies” to acquire British media outlets, Fraser Nelson has warned. The editor of The Spectator magazine told peers on Tuesday that the Government should step in and outlaw the sale of newspapers to overseas states before it is “too late”. Mr Nelson, who is …

Nelson Telegraph

10 months, 3 weeks ago

Telegraph boss exits amid Government review of Abu Dhabi-backed takeover

The Independent

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Takeover Telegraph Redbird Imi

11 months ago

Telegraph takeover: Sunak ‘must strengthen investigation’ to stop Abu Dhabi exerting influence

The Telegraph

Rishi Sunak should strengthen the investigation into the takeover of The Telegraph over fears Abu Dhabi is trying to exert “material influence” on the paper, a Tory MP has said. Mr O’Brien said that Ms Frazer should now issue a new PIIN covering the repayment of the debt, so that it cannot be used by the Abu Dhabi-backed firm to …

Sale State Paper Tory Telegraph Redbird Imi Imi

11 months ago

Telegraph bidder accused of ‘last-minute smoke and mirrors’

The Telegraph

The Abu Dhabi fund pursuing a takeover of The Telegraph has been accused of “last-minute smoke and mirrors” after it revised the deal prompting further delays and uncertainty. Writing in The Telegraph, the former Conservative leader Sir Iain Duncan Smith said the changes were “undoubtedly an attempt to convince the regulators and responsible ministers that their proposed deal is something …

Telegraph

1 year ago

Culture Secretary blocks Abu Dhabi fund from seizing Telegraph during investigation

The Telegraph

The Culture Secretary has blocked an Abu Dhabi-backed fund from taking control of The Telegraph while she carries out a review of a proposed takeover deal. The move, known formally as an interim enforcement order, also prevents the group from merging The Telegraph with any other entity and blocks any changes in management or the removal of key editorial staff. …

Culture Telegraph

1 year ago

UK government intervenes in potential takeover of Telegraph newspaper by Abu Dhabi-backed fund

Associated Press

LONDON — Britain’s government said Thursday it has asked media and market competition officials to investigate whether a potential Abu Dhabi-backed takeover of The Telegraph newspaper would impact press freedoms. Culture Secretary Lucy Frazer said she issued a “public interest intervention notice” after considering the possible impact of the offer by the investment fund RedBird IMI to the previous owners …

Family Telegraph Barclay Redbird Imi Redbird Imi

1 year, 1 month ago

Government ‘minded’ to intervene over Telegraph sale deal – Culture Secretary

The Independent

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Telegraph Barclays Barclay Redbird Imi Redbird Culture Secretary Imi

1 year, 1 month ago

Musk’s X sues liberal advocacy group Media Matters over its report on ads next to hate groups’ posts

Associated Press

Elon Musk’s social media company X filed a lawsuit against liberal advocacy group Media Matters for America on Monday, saying it manufactured a report to show advertisers’ posts alongside neo-Nazi and white nationalist posts in order to “drive advertisers from the platform and destroy X Corp.” Media Matters, a Washington, D.C.-based non-profit, called the lawsuit “frivolous.” Advertisers have been fleeing …

Media Matters Ads Musk Report Platform Posts

1 year, 1 month ago

Loans pave way for Abu Dhabi-backed fund to take over UK’s Telegraph newspaper

Associated Press

LONDON — An Abu Dhabi-backed investment fund said Monday it has paved the way to take ownership of Britain’s Telegraph newspaper and The Spectator magazine after striking a deal with the publications’ previous owners to repay debts owed by them. RedBird IMI — a joint venture between RedBird Capital and Abu Dhabi’s International Media Investments, and led by former CNN …

Barclay Redbird Imi Repay Debts Imi

1 year, 1 month ago

Abu Dhabi-backed fund strikes deal in move to secure Telegraph newspaper

The Independent

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Telegraph Barclay Redbird Imi Redbird Imi Fund Strikes

1 year, 2 months ago

GB News owner in talks with US billionaire over Telegraph bid

The Telegraph

He is by far the wealthiest individual so far linked with a bid for The Telegraph, which is being put up for sale by Lloyds Banking Group. The Barclays have since made offers to buy back The Telegraph and The Spectator magazine, which was also seized by Lloyds, with the help of investment from the Gulf. It hopes to avoid …

Lloyds Telegraph

1 year, 4 months ago

Elon Musk's X delays access to content on Reuters, NY Times, social media rivals

The Hindu

Social media company X, formerly known as Twitter, delayed access to links to content on the Reuters and New York Times websites as well as rivals like Bluesky, Facebook and Instagram, according to a Washington Post report on Tuesday. Clicking a link on X to one of the affected websites resulted in a delay of about five seconds before the …

Musk Delay Reuters Twitter

1 year, 4 months ago

Wilko bidders face last chance to enter battle for collapsed retailer

The Independent

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Wilko

1 year, 4 months ago

Jacob Rees-Mogg’s GB News show investigated by Ofcom over impartiality rules

The Independent

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Ofcom Gb News

Telegraph and Spectator sale paused after Abu Dhabi-backed fund agreement

History of this topic

Abu Dhabi-backed fund pulls out of deal to take over UK’s Telegraph newspaper group

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