Results matching “barclay brother 1”

News of a possible sale of the heralded Financial Times is shaking up the newspaper world this week according to The Independent. Interested buyers are reportedly The Dow Jones Company, owners of the Wall Street Journal, Rupert Murdoch's News Corporation and Barclay Brothers, recent purchasers of the Telegraph. Although international sales are up, they are not profitable and domestic circulation has fallen below 100,000, many blaming the Pink 'Un's editor, Andrew Gowers for isolating loyal readers by increasing the paper's focus on politics and national news.

In related news, mobile phone operator O2 has signed an agreement with the FT where the pinksheet's news will be beamed to O2's portable devices. O2 looks to be investing in the predicted popularity of mobile news, already having similar agreements with The Economist, The Independent, the Daily Telegraph, The Times and The Spectator.

Sources: The Independent and MediaWeek

News of a possible sale of the heralded Financial Times is shaking up the newspaper world this week according to The Independent. Interested buyers are reportedly The Dow Jones Company, owners of the Wall Street Journal, Rupert Murdoch's News Corporation and Barclay Brothers, recent purchasers of the Telegraph. Although international sales are up, they are not profitable and domestic circulation has fallen below 100,000, many blaming the Pink 'Un's editor, Andrew Gowers for isolating loyal readers by increasing the paper's focus on politics and national news.

In related news, mobile phone operator O2 has signed an agreement with the FT where the pinksheet's news will be beamed to O2's portable devices. O2 looks to be investing in the predicted popularity of mobile news, already having similar agreements with The Economist, The Independent, the Daily Telegraph, The Times and The Spectator.

Sources: The Independent and MediaWeek

Interesting article from The Independent about today's final new format of The Times. But I prefer to quote the paragraph dedicated to The Daily Telegraph: "The case of the Daily Telegraph, now owned by the Barclay Brothers, is the most interesting of all. The paper, which saw a circulation fall of 3.6 per cent in the past 12 months to 900,702, will now see an opportunity in the market. Until the entire newspaper world goes totally tabloid and the larger format follows the way of the dodo, the Telegraph will soon be able to market itself not just as "a bestseller" but as the last remaining quality broadsheet. It might even help to reverse the paper's decline and retain choice of format in the market."

Source : The Independent. See also the editorial from Robert Thomson, The Times editor.

"The Barclay brothers have made their first important decision since acquiring the Telegraph Group last month, choosing Murdoch MacLennan from Associated Newspapers as chief executive. MacLennan, who is the managing director of Associated Newspapers, has been with the company since 1989. He will take over from Jeremy Deedes, who came out of retirement to see the paper through its lengthy sales process."

Source: Mediaweek

For Media Bulletin / Brand Republic, "More than 100 jobs could go at the Telegraph Group as the Barclay brothers, whose £665m bid was accepted last week, look to implement the kind of cost savings that have already been seen at The Scotsman. According to a report in the Independent on Sunday, the Barclay brothers will have to make the cost cuts to claw back savings after their bid climbed to almost £700m. A source quoted by the paper said: "They can not justify paying £665m without some major surgery in the medium term. Editorially and commercially, it has to be improved."

Source: Media Bulletin / Brand Republic and the Independent on Sunday.

Yesterday, the Barclay brothers promised not to interfere with the Daily Telegraph’s editorial policies (see former posting). This puts them in stark contrast with French industrial aeronautics tycoon Serge Dassault, who after buying the French publishing company Socpresse last week, immediately stated his intention to have a hand in the editorial positions of the 70 publications he now owns (including Le Figaro and three major regional newspapers). In fact, Le Monde reported last week that Dassault has been known to explicitly state his desire to acquire newspapers in order to hoist his political opinions on the public, a fact that has the French journalism community concerned about the effect consolidation will have on the diversity of views present in the French press. The Barclay brothers are experienced newspaper publishers who own The Scotsman (and formerly The European).

Source: Libération (in French)

Yesterday, the Barclay brothers promised not to interfere with the Daily Telegraph’s editorial policies (see former posting). This puts them in stark contrast with French industrial aeronautics tycoon Serge Dassault, who after buying the French publishing company Socpresse last week, immediately stated his intention to have a hand in the editorial positions of the 70 publications he now owns (including Le Figaro and three major regional newspapers). In fact, Le Monde reported last week that Dassault has been known to explicitly state his desire to acquire newspapers in order to hoist his political opinions on the public, a fact that has the French journalism community concerned about the effect consolidation will have on the diversity of views present in the French press. The Barclay brothers are experienced newspaper publishers who own The Scotsman (and formerly The European).

Source: Libération (in French)

Seems like the Daily Telegraph drama isn’t over. According to Brand Republic, in what might be nothing more than a desperate attempt to stir things up, disgraced Hollinger CEO and majority shareholder Lord Conrad Black has announced today – two days after the Hollinger board approved the sale of the Telegraph to the Barclay brothers -- that the American firm Cerberus Capital Management has made a bid not just for the Daily Telegraph, but for the entire Hollinger stable, which includes the Chicago Sun-Times and the Jerusalem Post, titles the Barclay brothers had no interest in. "This deal would be an offer for the whole of Hollinger International, not just the Telegraph. This could be a more attractive bid. It is on the table," sources “close to Lord Black” were quoted as saying in The Times of London. Stay tuned…

Source: Brand Republic

According to BBC news, "The Daily Telegraph - UK's best-selling broadsheet with a circulation of 873,000 copies - and its sister publications have been sold to the Barclay Brothers for £665m. The sale brings to an end months of bidding following the ousting of Lord Black as chief executive of Telegraph group owner Hollinger International. The Barclays, billionaire twin brothers who live in the Channel Islands, are the owners of the Scotsman newspaper and London's Ritz hotel." MediaGuardian adds that "the twins are understood to have raised their bid by tens of millions yesterday morning to beat their rivals (3i venture capital group proposed £650m), led by former Mirror boss David Montgomery."