Telegraph Media Group

Last updated
Telegraph Media Group Limited
TMG
Private limited company
Industry Mass media
Headquarters London, United Kingdom
Key people
Products Newspapers and websites
Revenue£271 million (2018)
£900,000 (2018)
Owner Barclay brothers
Parent Press Holdings
Subsidiaries
Website www.telegraph.co.uk

Telegraph Media Group Limited (TMG; previously the Telegraph Group) is the proprietor of The Daily Telegraph and The Sunday Telegraph . It is a subsidiary of Press Holdings. [1] David and Frederick Barclay acquired the group in July 2004, after months of intense bidding and lawsuits, from Hollinger Inc. of Toronto, Canada, the newspaper group controlled by the Canadian-born British businessman Conrad Black.

In 2015, TMG made an operating profit of £51 million. Profits before tax were £47m, and turnover for the 53 weeks up to 3 January 2016 was £319m, according to unaudited accounts leaked to The Guardian . If these figures are accurate, then this was an increase from 2014 levels on both accounts. [2]

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References

  1. "Telegraph Media Group Limited". Bloomberg Businessweek . New York City: Bloomberg L.P. 12 September 2016. Retrieved 12 September 2016.
  2. Greenslade, Roy (17 February 2016). "Telegraph Media Group made £51m operating profit in 2015". The Guardian . London: Guardian Media Group . Retrieved 4 May 2016.