UK Telegraph sold for $700 million
Ownership of The Daily Telegraph, the storied British newspaper long considered close to the country’s Conservative Party, is poised to change — again.
RedBird Capital Partners, an American investment firm, said on Friday that it reached an agreement in principle to buy control of the newspaper’s parent company, Telegraph Media Group, at a valuation of 500 million pounds, or about $675 million.
Friday’s deal marks the latest twist in a long-running takeover drama for The Telegraph, which for much of its 170-year history has been considered a house organ of sorts for Britain’s Conservative Party. (Among its nicknames is The Torygraph.)
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Today’s Birthday
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James Buchanan "Diamond Jim" Brady (1856)August 12, 2026
Financier and philanthropist "Diamond Jim" Brady exemplified the American Dream. He started out as a bellboy and messenger before getting a job with the New York Central Railroad and then working his way up through the industry, eventually amassing a fortune selling railroad supplies. With his newfound wealth, he indulged in his two greatest weaknesses: food—one restaurant owner reportedly called him "the best 25 customers I ever had"—and jewels. What was supposedly a typical meal for Brady?
Financier and philanthropist "Diamond Jim" Brady exemplified the American Dream. He started out as a bellboy and messenger before getting a job with the New York Central Railroad and then working his way up through the industry, eventually amassing a fortune selling railroad supplies. With his newfound wealth, he indulged in his two greatest weaknesses: food—one restaurant owner reportedly called him "the best 25 customers I ever had"—and jewels. What was supposedly a typical meal for Brady?Today’s Holiday
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Queen's Birthday (Thailand)August 12, 2026
The Queen's Birthday is a nationwide celebration in Thailand of the birthday of Her Majesty Queen Sirikit (b. 1932). Throughout the country, buildings are decorated to honor the queen, but the most splendid are in Bangkok, where buildings and streets are brilliant with colored lights.
The Queen's Birthday is a nationwide celebration in ARTICLE OF THE DAY
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Lake MalawiAugust 12, 2026
The third largest lake in Africa and ninth largest in the world, Lake Malawi is bounded on the west and south by Malawi, on the east by Mozambique, and on the north by Tanzania. Also known as Lake Nyasa—so named by Scottish missionary David Livingstone in 1859—it is approximately 360 miles (580 km) long with an average width of 25 miles (40 km). Fed by 14 rivers, it is home to more than 200 recorded species of fish—making it one of the most species-diverse lakes in the world. How deep is it?
The third largest lake in Africa and ninth largest in the world, Lake Malawi is bounded on the west and south by Malawi, on the east by Mozambique, and on the north by Tanzania. Also known as Lake Nyasa—so named by Scottish missionary David Livingstone in 1859—it is approximately 360 miles (580 km) long with an average width of 25 miles (40 km). Fed by 14 rivers, it is home to more than 200 recorded species of fish—making it one of the most species-diverse lakes in the world. How deep is it?
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