Telegraph Media Group enlists Deloitte for strategic review

TelegraphMurdoch MacLennan, the chief executive of parent company Telegraph Media Group, announced the review in a letter which staff believed amounted to the first official confirmation of a forthcoming sale of the titles. TMG is using corporate consultancy firm Deloitte to undertake a review of the business. It is understood that the news of the process, which is not formal and will not necessarily lead to a sale, has prompted at least two interested parties to put out feelers in City circles. One City source referred to the situation as “very discreet and exploratory”.

The Barclays acquired the Telegraph for £665m in 2004 from Hollinger, the company previously controlled by Conrad Black.

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