Telegraph Media Group
 | |
| 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 |
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.
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]
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.
External links
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