“Daily Telegraph and Sunday Telegraph newspapers to be put up for sale
Barclay family have lost control of crown jewel media assets in bitter row with newspaper group’s lender
The Daily and Sunday Telegraph are to be put up for sale in an auction after the Barclay family lost control of their crown jewel media assets in a bitter row with the newspaper group’s lender.
Lloyds Banking Group is understood to have appointed AlixPartners as the official receiver to seize the shares owned by the Barclay family in the holding company that ultimately controls the national newspapers and the Spectator magazine.
According to multiple sources the bank, which has taken the action after becoming frustrated at the repayment of a loan amounting to hundreds of millions of pounds, intends to remove Barclay family-appointed board members and move to auction off the Telegraph titles and Spectator.”
https://www.theguardian.com/media/20...ut-up-for-sale
Serves them right for turning it into the Daily Mail with even more toxic comments
Barclay family have lost control of crown jewel media assets in bitter row with newspaper group’s lender
The Daily and Sunday Telegraph are to be put up for sale in an auction after the Barclay family lost control of their crown jewel media assets in a bitter row with the newspaper group’s lender.
Lloyds Banking Group is understood to have appointed AlixPartners as the official receiver to seize the shares owned by the Barclay family in the holding company that ultimately controls the national newspapers and the Spectator magazine.
According to multiple sources the bank, which has taken the action after becoming frustrated at the repayment of a loan amounting to hundreds of millions of pounds, intends to remove Barclay family-appointed board members and move to auction off the Telegraph titles and Spectator.”
https://www.theguardian.com/media/20...ut-up-for-sale
Serves them right for turning it into the Daily Mail with even more toxic comments
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