Potential Ownership Change for Telegraph Raises Editorial Concerns

Concerns are escalating within the Telegraph newsroom as a new ownership bid by Dovid Efune, the current owner of the New York Sun, seems imminent. Efune, a British-born businessman known for his hardline views on the Middle East, has proposed a £550 million bid to acquire the Daily and Sunday Telegraph, creating apprehension about editorial independence.

Sources indicate that while Efune has placed the highest bid, he faces competition from David Montgomery‘s National World, which remains a potential contender. “National World has been informed that Efune is likely to secure the deal,” a source disclosed, indicating a significant possibility of a shift in ownership.

Efune’s purchase of the Telegraph, if successful, is expected to influence its editorial stance, particularly regarding Middle East coverage. Concerns have been voiced by a newsroom source, saying: “There’s real concern in the ranks over what Efune will do to our editorial stance on the Middle East.” Efune’s vocal support of Israeli policies further amplifies these worries.

Recent statements on social media reflect Efune’s strong opinions, where he has made controversial assertions about Iran and the Israel-Hamas conflict. His influence was further emphasized in a speech last year, where Efune underscored a tough stance on these issues.

Editorial and financial implications are at the forefront of concerns, with Steven Barnett, a communications professor at the University of Westminster, suggesting that Efune would likely impose his views on the Telegraph. “If Efune does buy the Telegraph, I think we can expect his perspective, particularly on the Middle East, on every page,” Barnett stated, comparing the potential shift to historical precedents set by other media moguls.

Currently, no regulatory obstacles exist to prevent Efune’s acquisition based on political alignment, as existing regulations focus on ownership and plurality. Barnett noted, “The regulations are about ownership and plurality, not politics,” suggesting regulatory bodies such as the CMA or Ofcom would not intervene.

Previously, the Telegraph was owned by RedBird IMI but was put up for sale following government measures to prevent foreign governmental control of UK media. The sale followed the Barclay family‘s loss of control due to financial complications.

Despite ongoing concerns, neither Efune nor the New York Sun have responded to inquiries for comment regarding the prospective acquisition and its potential consequences.