Matt Deegan

The Media Club · 28 November 2025 · 51 min

Another Telegraph Sale Twist - And Are There Too Many Studios?

With Cara Kotschy, Adam MacQueen

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In this episode of The Media Club, hosts Matt Deegan, Cara Kotschy, and Adam MacQueen discuss the Mail's agreement to buy the Telegraph, questioning the source of funding and potential government approval. They also cover the lack of new tax credits for the film and TV industry in the recent budget, and the approval of the Marlow Film Studios project. The conversation includes analysis of the BBC's challenges, the rise of visual podcasts, and a quiz segment connecting media stories.

Key takeaways

  • The Mail has agreed to buy the Telegraph for £500 million, but questions remain over funding and competition approval.
  • The budget offered no new tax credits for film and TV, despite industry lobbying.
  • Marlow Film Studios was approved, adding to a wave of new studio projects across the UK.
  • BBC board members faced MPs, with discussions on governance and the role of the deputy director general.
  • Private Eye's podcast has gone fully visual, and the magazine maintains strong print sales.

In this episode

  • Intro and Guest Introductions0:00 · Hosts introduce guests and discuss their plus ones.
  • Telegraph Sale Discussion2:00 · Analysis of the Mail's bid for the Telegraph and competition concerns.
  • Budget and Tax Credits15:00 · Discussion on the lack of new tax credits for film and TV.
  • BBC Governance22:00 · BBC board members facing MPs and internal challenges.
  • Studio Expansion30:00 · New studio projects and the need for crew training.
  • Visual Podcasts and Private Eye38:00 · The rise of visual podcasts and Private Eye's approach.
  • Media Quiz45:00 · Quiz connecting media stories.

Notable quotes

“Would you spend half a billion quid on the Telegraph? I don't spend $3.99 on the Telegraph.”

Adam MacQueen · 0:00

“It's like the old sporting analogy. I mean, when I used to play sport, the coach would say, just don't defend the whole time. Otherwise, you don't get to deliver your game plan.”

Cara Kotschy · 0:00

“I think inevitably we are going to see the end of a license fee.”

Adam MacQueen · 0:00

“I think it's horses for courses though, isn't it?”

Cara Kotschy · 0:00

Discussed

Daily Mail · The Telegraph · BBC · Private Eye · Residence Pictures

Also mentioned: Lorraine Heggessey · Chris Evans · Lord Rothermere · Michael Prescott · Samir Shah · James Purnell · Robbie Gibb · Jane Featherstone · Ian Hislop · Richard Curtis · Donald Trump · Dale Vince · Gary Jones · Marlow Film Studios · Global

Mentioned or recommended

  • Rush Hour 4 · film
  • Blackadder · tv show · Richard Curtis
  • Stranger Things · tv show · Duffer Brothers
  • Nine Bodies in a Mexican Morgue · tv show
  • Steve · tv show
  • Babelfish · publication · Dale Vince
  • Private Eye Annual · book · Private Eye