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Headline : Telegraph Media Group set to be put up for sale

Read more from the original article on here at www.bbc.co.uk.




Tags : #telegraph #media #group #set #put #up #sale



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The Daily and Sunday Telegraph newspapers and The Spectator magazine are set to be put up for sale due to debts owed by their parent group.

Receivers Alix Partners have now taken control of the group, and replaced the current owners, the Barclay family.

The receiver said it doesn't expect the changes to affect the operations of the papers, which are profitable.

Lender Lloyds Bank is unlikely to recover the original value of the loan, worth hundreds of millions of pounds.

Read more from the original article on here at www.bbc.co.uk.


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