It is a year this month since the Daily Telegraph went back on the market. And still it sits there without a committed buyer, like a yellowing cabbage at the back of the greengrocer’s. Regardless of how you may view its politics, the Telegraph deserves better.
The title, which turns 170 this year, is a key player in the regulated, resourced media that is essential for British democracy to function. And it makes money – revenue for the year ending December 2022, before recent difficulties, was £254m – and has healthy subscriber numbers. And yet without an owner it is unable to invest or set a long-term strategy. It is stuck in publishing purgatory. “We feel utterly dejected,” one staffer said. “There is no plan and no direction. And no sign this is going to get fixed any time soon.”
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