{"id":10303,"date":"2019-10-26T21:04:39","date_gmt":"2019-10-26T16:04:39","guid":{"rendered":"http:\/\/umang.pk\/2019\/10\/telegraph-owners-to-put-newspapers-up-for-sale\/"},"modified":"2019-10-26T21:04:39","modified_gmt":"2019-10-26T16:04:39","slug":"telegraph-owners-to-put-newspapers-up-for-sale","status":"publish","type":"post","link":"https:\/\/umang.pk\/en_us\/2019\/10\/26\/telegraph-owners-to-put-newspapers-up-for-sale\/","title":{"rendered":"Telegraph owners to put newspapers up for sale"},"content":{"rendered":"<div property=\"articleBody\">\n<figure class=\"media-landscape has-caption full-width lead\">\n            <span class=\"image-and-copyright-container\"><\/p>\n<p>                <\/p>\n<p>            <\/span><figcaption class=\"media-caption\">\n                <span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><\/p>\n<p>                    The directors of Telegraph Media Group said they were naturally disappointed by the sluggish profits.<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p class=\"story-body__introduction\">Billionaire owners of Daily Telegraph and Sunday Telegraph must sell both titles.<\/p>\n<p>Sir Frederick Barclay is understood to review all key assets, including the Telegraph Media Group (TMG).<\/p>\n<p>Figures released on October 17 showed that TMG revenue for the last fiscal year was 900,000 pounds, a 94{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} decrease from the previous fiscal year.<\/p>\n<p>Barclay twins, who bought the paper in 2004, declined to comment.<\/p>\n<p>The sales news was first reported by the Times.<\/p>\n<p>There have been rumors of telegraph sales for many years, and the owner has consistently denied it.<\/p>\n<figure class=\"media-landscape has-caption full-width\">\n            <span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty images<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\">\n                <span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><\/p>\n<p>                    Sir David Barclay (L) and his twin brother Sir Frederick received the Knights in 2000.<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p>Sales of print editions have plummeted over recent years, with Daily Telegraph recording an average daily distribution of 310,586. Sunday Telegraph sells an average of 244,351 copies.<\/p>\n<p>Sources close to the news told the BBC that they did not pressure their brothers to sell paper, which could happen for 12-18 months. <\/p>\n<p>To date, no one has been appointed as an adviser, but telegraph sales are expected to be the first assets.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\">What is the future of Daily Telegraph?<\/li>\n<li class=\"story-body__list-item\">Who is Brother Barclay?<\/li>\n<\/ul>\n<p>63-year-old Ethan Barclay and 59-year-old Howard Barclay are believed to be evaluating the family business on behalf of their father, David Barclay, and his 84-year-old twin Frederick.<\/p>\n<p>The brothers also own the Spectator magazine, the delivery company Yodel, and the retailer Shop Direct, which includes the Littlewoods and Very online outlets.<\/p>\n<p>Owned by the Barclay brothers, the Ritz hotel is already on the market.<\/p>\n<hr class=\"story-body__line\"\/>\n<h2 class=\"story-body__crosshead\">analysis<\/h2>\n<p><strong>Business Correspondent Katie Prescott <\/strong><\/p>\n<p>For newspaper owners, Barclay twins are not media friendly. They live in the Channel Islands and Monaco for health reasons and few photos of them. <\/p>\n<p>Telegraph newspapers are struggling with the decline in distribution and revenue, but the reason for the sale is understood to be more personal.  <\/p>\n<p>The brothers try to pass on to the next generation of large families whose views on the future of the business are different.<\/p>\n<p>There were rumors that several buyers expressed interest, including Amazon founder Jeff Bezos and owners of independent and evening standards (Evgeny Lebedev). <\/p>\n<p>Daily Mail, the political ally on the right, is also considered a competitor. <\/p>\n<hr class=\"story-body__line\"\/>\n<p>Notable columnists of the predecessor are Sir William Hague, Alison Pearson, and Boris Johnson.<\/p>\n<p>Johnson made 275,000 pounds in a weekly column from July 11, 2018 to July 10, 2019.<\/p>\n<\/p><\/div>\n<\/pre>\n<\/pre>","protected":false},"excerpt":{"rendered":"<p>Image caption The directors of Telegraph Media Group said they were naturally disappointed by the sluggish profits. Billionaire owners of Daily Telegraph and Sunday Telegraph must sell both titles. Sir Frederick Barclay is understood to review all key assets, including the Telegraph Media Group (TMG). Figures released on October 17 showed that TMG revenue for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10304,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/10303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/comments?post=10303"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/10303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/media?parent=10303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/categories?post=10303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/tags?post=10303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}