An auction is expected to begin formally in September
A veteran newspaper executive has become first to declare publicly an interest in a takeover of The Telegraph since Lloyds Banking Group seized control in June.
National World, a local newspaper and news website publisher founded by David Montgomery, 74, who edited The News of the World in the late 1980s, told the stock market it was considering a bid.
It said it “will consider participating in a sale process for Telegraph Media Group as and when such a process formally commences”.
The announcement was not required by City authorities and was described as a “tidying up exercise” by a source close to National World. However, public confirmation could make conversations with potential financiers less legally complex by ensuring insider information is not shared.