A consortium led by U.S. investment firm RedBird Capital Partners has agreed to buy the publisher of Britain’s 170-year-old Daily Telegraph newspaper for about 500 million pounds ($674 million), the ...

The American RedBird Capital Partners private investment firm announced Friday that it has purchased the British Telegraph Media Group, or TMG, for about $675 million.

The Telegraph group, previously owned by Britain’s Barclay family, was put up for sale two years ago to help pay off the family’s debts. It publishes the daily and Sunday Telegraph newspapers and ...