28 November, Thursday, 2024
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HomeSourcesthetimes.co.ukMontgomery may join Telegraph race

Montgomery may join Telegraph race

David Montgomery’s National World has confirmed it is interested in buying the holding companies behind the Daily and Sunday Telegraph.

The veteran media executive’s listed group told the market that “it is a possible participant in the sale process surrounding Telegraph Media Group and its associated titles”.

Goldman Sachs is due to lead an auction for the parent companies of Telegraph Media Group Limited (TMG) and The Spectator, the current affairs magazine.

There has been speculation that National World, which owns The Scotsman, The Yorkshire Post and other local newspapers, may participate and it is understood the group’s lawyers advised it that it needed to declare its interest to the market.

In yesterday’s statement National World said its acquisition strategy involves “implementing its new operating

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