Report: Steve Bannon Interested In Buying London Newspaper

Breitbart co-founder Steve Bannon has his eyes on The Daily Telegraph, a British broadsheet newspaper, according to a new report published in The Sunday Times of London.

It’s one of the great untapped properties,” the 65-year-old former White House strategist said of the paper, according to the Times.

Bannon, who co-founded far-right media company Breitbart in 2007, reportedly sees the Telegraph as an appealing parchment to paint his populist vision.

Bannon also recently launched a daily podcast show about the impeachment proceedings against President Trump called “War Room: Impeachment.” He served in Trump’s White House for seven months, departing in the summer of 2017. Bannon has spent much of his time since leaving the West Wing attempting to make inroads with far-right movements in Europe.

Twin billionaires David and Frederick Barclay have decided to put the 164-year-old newspaper up for sale amid sagging profits. The London-based publication typically supports the Conservative Party and has taken a strong pro-Brexit stance.

Profits at the Telegraph Media Group slumped last year, in the middle of a turnaround plan led by the chief executive Nick Hugh, who hoped to turn the company into a business based on digital subscriptions.

In common with all print newspapers, the Telegraph’s circulation has plummeted in recent years. Various names have been attached as potential purchasers – including at one point Jeff Bezos, the boss of Amazon – but it may be difficult to find a buyer for a newspaper in the current media environment.