"I have long admired the Daily Telegraph. My family and I have an enduring love of newspapers and for the journalists who make them. The Daily Telegraph is Britain's largest and best quality broadsheet newspaper and I have grown up respecting it. It has a remarkable history and has played a vital role in shaping Britain's national debate over many decades."
"The purchase would see the Telegraph become part of DMGT's stable of media organisations, which also includes Metro, The I Paper and New Scientist. The media group says it will "invest substantially" in the Telegraph, accelerating its international expansion with a particular focus on the US. It says the Telegraph would remain editorially independent from DMGT's other titles."
DMGT agreed to purchase the Telegraph from RedBird IMI after an earlier RedBird bid was blocked by the then Tory government. DMGT and RedBird IMI have entered exclusive talks to finalise the transaction and prepare regulatory submissions, which they expect to happen quickly. DMGT said the deal would give much-needed certainty and confidence to Telegraph employees after a protracted takeover process. DMGT plans to invest substantially in the title, accelerate international expansion with a focus on the US, and keep the Telegraph editorially independent while integrating it into its media stable.
Read at Irish Independent
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