How the Germans saved the Telegraph
I spent my last year as editor of this magazine trapped on an auction block, hunting for a new proprietor. It was agony. There was a list of about 20 bidders for both The Spectator and the Daily Telegraph: the good, the bad and the really quite ugly. The ugliest of all – the government of the United Arab Emirates – ended up cutting a backroom deal for both titles. But parliament intervened and this magazine escaped, snapped up by a suitor who has been as good as his word on investment. The Telegraph, meanwhile, was left standing at the altar. Last week, after nearly three years of waiting, she
