Daily Mail publisher DMGT eyes minority stake in Telegraph sale
The publisher of the Daily Mail has been in discussions over acquiring a minority stake in the rival Telegraph newspapers amid a protracted two-year battle over the future ownership of the titles.
Lord Rothermere, who controls the Daily Mail & General Trust (DMGT), took part in negotiations last week over a possible deal to take a 9.9 per cent stake in the Telegraph titles, Sky News reported.
The two media titles would remain editorially independent but look to share operational costs, according to the report, which added that the status of the talks remained unclear.
An update on the future ownership of the Telegraph from RedBird IMI, a joint venture part-funded by an Emirati royal, is anticipated this week.
Redbird IMI, DMGT and Telegraph Media
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