Telegraph Media Group
British newspaper company From Wikipedia, the free encyclopedia
British newspaper company From Wikipedia, the free encyclopedia
Telegraph Media Group Limited (TMG; previously the Telegraph Group) is the proprietor of The Daily Telegraph and The Sunday Telegraph. It is a subsidiary of Press Holdings.[1] David and Frederick Barclay acquired the group on 30 July 2004, after months of intense bidding and lawsuits, from Hollinger Inc. of Toronto, Canada, the newspaper group controlled by the Canadian/British businessman Conrad Black.
| |
| 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 | Lloyds Banking Group |
| Parent | Press Holdings |
| Subsidiaries | |
| Website | corporate |
In 2015, TMG made an operating profit of £51 million. Profits before tax were £47m, and turnover for the 53 weeks up to 3 January 2016 was £319m, according to unaudited accounts leaked to The Guardian. If these figures are accurate, then this was an increase from 2014 levels on both accounts.[2]
In 2023, TMG acquired The Chelsea Magazine Company, publisher of magazines including Classic Boat.[3]
Telegraph Media Group operates as a multimedia news company. The holding publishes daily and weekly publications in printed and electronic versions, which provide news on politics, obituaries, sports, finance, lifestyle, travel, health, culture, technology, fashion and cars.
In June 2023, the group was put up for sale, after its parent company B.UK, a Bermuda-based holding company, went into receivership. Howard and Aidan Barclay were removed as directors.[4]
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