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UK

Telegraph newspapers up for sale

epa01289836 Illinois Senator and Democratic presidential hopeful Barack Obama speaks at the National Constitution Center in Philadelphia, Pennsylvania on 18 March 2008. EPA/JEFF ZELEVANSKY

The Barclay family has put the Daily and Sunday Telegraph newspapers up for sale as it assesses its multibillion-pound business investments in the United Kingdom, The Times reported.

Daily Mail and General Trust and the owner of the Evening Standard and The Independent newspapers are among potential buyers, the report said. The Spectator magazine, also owned by the Barclays, is not part of the review.

The review by Aidan and Howard Barclay, sons of David Barclay, surfaced after the realization that the family is no longer as united as it once was, amid what an insider called a generational shift, the newspaper reported.

 

Via Reuters/The Times

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