The fate of the Daily and Sunday Telegraph will move a step closer to being resolved today when suitors for the newspapers face a deadline to submit second-round bids for the titles.
Dovid Efune, the British-born owner of The New York Sun, is thought to be the frontrunner to clinch a deal for the Telegraph, which has faced an uncertain future for more than a year.
Also having expressed an interest, however, is the British hedge fund tycoon Paul Marshall, who has backed GB News and also this month struck a £100 million deal for The Spectator, the Telegraph’s former stablemate.
National World, which is chaired by the newspaper veteran David Montgomery and owns titles including The Yorkshire Post, the Sunderland Echo and The Scotsman,