The Daily Telegraph

=== 1986 to 2004 ===
Canadian businessman [[Conrad Black]], through companies controlled by him, bought the Telegraph Group in 1986. Black, through his holding company [[Ravelston Corporation]], owned 78% of [[Hollinger Inc.]] which in turn owned 30% of [[Hollinger International]]. Hollinger International in turn owned the Telegraph Group and other publications such as the ''[[Chicago Sun-Times]]'', the ''[[Jerusalem Post]]'' and ''[[The Spectator]]''.

On 18 January 2004, Black was dismissed as [[chairman of the board|chairman]] of the [[Hollinger International]] board over allegations of financial wrongdoing. Black was also sued by the company. Later that day, it was reported that the [[Barclay brothers]] had agreed to purchase Black's 78% interest in [[Hollinger Inc.]] for [[Pound sterling|£]]245m, giving them a controlling interest in the company, and to buy out the minority shareholders later.  However, a lawsuit was filed by the Hollinger International board to try to block Black from selling his [[stock|shares]] in Hollinger Inc. until an investigation into his dealings was completed. Black filed a countersuit but, eventually, United States judge [[Leo Strine]] sided with the Hollinger International board and blocked Black from selling his Hollinger Inc. shares to the twins.

On 7 March 2004, the twins announced that they were launching another bid, this time just for ''The Daily Telegraph'' and its Sunday sister paper rather than all of Hollinger Inc. The then owner of the ''[[Daily Express]]'', [[Richard Desmond]], was also interested in purchasing the paper, selling his interest in several pornographic magazines to finance the initiative. Desmond withdrew in March 2004, when the price climbed above £600m,<ref>{{cite news |last=Shah |first=Saeed |title=Desmond withdraws bid for 'overpriced' Telegraph |url=https://www.independent.co.uk/news/media/desmond-withdraws-bid-for-overpriced-telegraph-66296.html |access-date=23 November 2014 |newspaper=The Independent |location=London |date=27 March 2004 |archive-url=https://web.archive.org/web/20141213010345/http://www.independent.co.uk/news/media/desmond-withdraws-bid-for-overpriced-telegraph-66296.html |archive-date=13 December 2014 |url-status=live }}</ref> as did [[Daily Mail and General Trust plc]] a few months later on 17 June.<ref>{{cite news |last= Gibson |first= Owen |title= Barclays favourites to land Telegraph |url= https://www.theguardian.com/media/2004/jun/17/pressandpublishing.business |access-date= 23 November 2014 |newspaper= The Guardian |location= London |date= 17 June 2004 |archive-url= https://web.archive.org/web/20141129084754/http://www.theguardian.com/media/2004/jun/17/pressandpublishing.business |archive-date= 29 November 2014 |url-status= live }}</ref>