The owner of the Yorkshire Post and the Scotsman newspapers has said it is interested in buying the Daily Telegraph and its sister titles when they go up for sale.
National World, which publishes more than 100 regional newspaper titles and websites, told shareholders it was a “possible participant” in any sale of Telegraph Media Group (TMG).
Receivers took control of TMG in June after its owners failed to repay debts.
Receivers took control of TMG in June after its owners failed to repay debts.
In a statement to shareholders, National World said “its growth strategy is rooted in actively exploring opportunities to build its business through acquisitions”.
It said it would “consider participating in a sale process for Telegraph Media Group as and when such a process formally commences”.
No other potential bidders have publicly declared an interest in the Telegraph, but the owner of the Daily Mail newspaper, DMGT, is thought to be considering a bid for the group.
Analysts believe TMG, home of the Daily and Sunday Telegraph and the Spectator magazine, is worth around £500m, but estimate that a wealthy buyer keen to acquire a “trophy asset” would be prepared to pay more than that figure.
The owner of the Yorkshire Post and the Scotsman newspapers has said it is interested in buying the Daily Telegraph and its sister titles when they go up for sale.
Receivers took control of TMG in June after its owners failed to repay debts.
National World, which publishes more than 100 regional newspaper titles and websites, told shareholders it was a “possible participant” in any sale of Telegraph Media Group (TMG).
In a statement to shareholders, National World said “its growth strategy is rooted in actively exploring opportunities to build its business through acquisitions”.
Receivers took control of TMG in June after its owners failed to repay debts.
Receivers took control of TMG in June after its owners failed to repay debts.
In a statement to shareholders, National World said “its growth strategy is rooted in actively exploring opportunities to build its business through acquisitions”.
It said it would “consider participating in a sale process for Telegraph Media Group as and when such a process formally commences”.
No other potential bidders have publicly declared an interest in the Telegraph, but the owner of the Daily Mail newspaper, DMGT, is thought to be considering a bid for the group.
Analysts believe TMG, home of the Daily and Sunday Telegraph and the Spectator magazine, is worth around £500m, but estimate that a wealthy buyer keen to acquire a “trophy asset” would be prepared to pay more than that figure.
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