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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. 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.Current 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.

In the late 1930s Victor Gordon Lennox, The Telegraphs diplomatic editor, published an anti-appeasement private newspaper The Whitehall Letter that received much of its information from leaks from Sir Robert Vansittart, the Permanent Under-Secretary of the Foreign Office, and Rex Leeper, the Foreign Office's Press Secretary.

In 1937, the newspaper absorbed The Morning Post, which traditionally espoused a conservative position and sold predominantly amongst the retired officer class.

Originally William Ewart Berry, 1st Viscount Camrose, bought The Morning Post with the intention of publishing it alongside The Daily Telegraph, but poor sales of the former led him to merge the two.

On 18 January 2004, Black was dismissed as chairman of the Hollinger International board over allegations of financial wrongdoing. Later that day it was reported that the Barclay brothers had agreed to purchase Black's 78% interest in Hollinger Inc.

for £245m, giving them a controlling interest in the company, and to buy out the minority shareholders later.

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