Media Concierge submits £56.2m cash offer for National World, underbidder in the auction for the Telegraph titles

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National World, the owner of the Scotsman and Yorkshire Post and underbidder in the auction for the Telegraph titles, has received a buyout proposal from its largest shareholder.

Media Concierge, the biggest player in the Irish newspaper market with 22 local titles including the Derry News, Limerick Leader and Kilkenny People, has submitted a non-binding proposal valuing one of the UK’s biggest regional and local newspaper groups at £56.2m.