Jeff Zucker's RedBird IMI Group Offers to Clear Telegraph's Debt, Assures Editorial Independence

Zucker hints at potential U.S. expansion for the Telegraph, deal under assessment by Lloyds Banking Group.

Jeff Zucker's RedBird IMI group has offered to pay about $750 million to the Barclay family, owners of the Telegraph newspaper and Spectator magazine, to help them repay their nearly $1.4 billion debt to Lloyds Banking Group.
Zucker has assured the UK government that the Telegraph and Spectator will retain their editorial independence and their management teams will remain intact if the proposal is accepted.
Zucker plans to create an 'editorial advisory board' to uphold the independence of both the Telegraph and the Spectator magazine.
Zucker sees potential to establish the Telegraph as a 'more global media brand', hinting at a possible expansion into the U.S.
The deal is currently being assessed by Lloyds and if accepted, it would mark the end of the Barclay family ownership of the Telegraph and the Spectator.