“We remain fully confident that The Telegraph and its world-class team have a bright future ahead of them,” a RedBird spokesperson tells TheWrap RedBird Capital Partners, the private equity group owned by Gerry Cardinale, has dropped its £500 million ($658.5 million) attempt to purchase the U.K.’s Telegraph , clouding the future of the 170-year-old conservative newspaper. “RedBird has today withdrawn its bid for the Telegraph Media Group,” a spokesperson told TheWrap on Friday. “We remain fully