![]() The Telegraph has in recent years made a success of its digital transition, generating more than £250m in revenue from 730,000 subscribers,140,000 of whom still receive a printed copy. The interest of so many serious bidders in paying up to £600m for the titles underlines the abiding value of heritage titles, even in a digital world.īy contrast, Amazon owner Jeff Bezos paid just £200m for the Washington Post a decade ago, and since then digital-only news brands like Vice, HuffPost and Buzzfeed have flared and faded. Politics aside, that level of interest is heartening for a media industry in which the death of newspapers has been long predicted. ![]() Lord Rothermere, owner of the Daily Mail is also a bidder, and Rupert Murdoch, owner of The Times and The Sun, is said to covet The Spectator. Others have raised legitimate concerns about press freedom and the UAE's record of suppressing critical media in a campaign loosely coordinated on behalf of the Brexit-backing billionaire Sir Paul Marshall, owner of GB News, who happens to be among the bidders who will lose out if Redbird IMI wins. ![]() Lord Hague cited direct experience of being leant on by the Abu Dhabi government to stifle criticism when he was foreign secretary. ![]() From former Conservative leaders Lord Hague and Iain Duncan Smith to a phalanx of backbenchers, largely from the right of the party, there have been objections. ![]()
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