[Youngian]

Telegraph owner on verge of administration as talks break down

Lloyds Banking Group has come to blows with Press Acquisitions, the company controlled by the Barclay family that owns the newspapers’ parent company, Telegraph Media Group (TMG), over around £65 million in loans.

According to Times reports, the bank is prepared to call in a restructuring advisory group and appoint insolvency practitioners “within days” as the situation unravels. https://www.thelondoneconomic.com/news/ ... wn-350233/

Ha ha, indeed. The paper has always been an ideological loss leader for the Barclays to gain influence and shift the nation’s direction. Now they’ve done that and their gamble was a disaster, any further money for the Torygraph would be sunk cost fallacy.*

* Business term for sinking dead money into a failing project you’re emotionally attached to. But pretending to investors its about long term returns.

[Andy McDandy]

ODHSNM

[Dalem Lake]

I wonder how many Tory backbenchers will pipe up and criticise them for not managing their money properly?

[Bones McCoy]

I stuck "Telegraph insolvency" into google.

Lots of Telegraph articles gloating about "Woke" businesses facing insolvency.
None of which have come to pass.

What's that saying

Go fash, lose cash.

[mattomac]

Be interesting to see who buys it

[Tubby Isaacs]

How is it worth anything like as much as being suggested, with its readership ageing and its general reputation falling? Newspapers generally aren't exactly in great shape.

The GB News investors? Might be some synergy?

[Youngian]

Well that’s nice. Opportunities for tacky scams galore if you’re well heeled. And no riff-raff from back home moving in the neighbourhood thanks to Telegraph readers taking their free movement rights away.

[Malcolm Armsteen]

You can already live for 6 months of the year (180 days) just not continuously.

The Telegraph is, was and always will be complete shite.

[Youngian]

This must be a ‘let’s troll the wokes’ article.

[Watchman]

When visiting a foreign city or country, I work on the principle that I want to explore and see the sights, not spend all my time stuck in a soulless building

[Bones McCoy]

When visiting a foreign city or country, I work on the principle that I want to explore and see the sights, not spend all my time stuck in a soulless building

I was going to post something similar.

Imagine your holiday.
We flew to Texas and spent all day in malls identical o the ones in Kentucky.

[kreuzberger]

Where is the climate catastrophe?

In the fields growing your veg and grazing your cattle, and at the ports about to be swamped by, at first, a human tide, you Hibernian halfwit.

[Youngian]

Heath’s descent into insanity continues unabated

[Boiler]

Wasn't he the editor of City A.M. at one time?

[Youngian]

Wasn't he the editor of City A.M. at one time?

He was, bit of a free market dafty then but not exceptionally so.

[Dalem Lake]

If Blair and Brown ruled Britain we'd be in a much, much better place than we are now - we'd still be in the EU for a start. Sheesh, who actually pays £3 for a newspaper filled with idiots like him?

[Andy McDandy]

They all have that "I am very clever actually" look, don't they?

In September 2022, Heath welcomed the mini-budget submitted by the UK Chancellor of the Exchequer, Kwasi Kwarteng, with unbridled enthusiasm. In a front page commentary in The Daily Telegraph, Heath wrote:

This was the best Budget I have ever heard a British Chancellor deliver, by a massive margin. The tax cuts were so huge and bold, the language so extraordinary, that at times, listening to Kwasi Kwarteng, I had to pinch myself to make sure I wasn’t dreaming, that I hadn’t been transported to a distant land that actually believed in the economics of Milton Friedman and F A Hayek.

The budget was one of the primary factors which triggered a financial crisis in the UK. The chancellor was fired three weeks later and his tax cuts were withdrawn, followed six days later by the resignation of Prime Minister Liz Truss.

[Youngian]

Baffling as to why a commercial publisher would pay £600m for this loss making shit heap.

The German media giant which publishes Die Welt, one of Europe's leading newspapers, has joined the race to buy The Daily Telegraph and its Sunday sister title.

Sky News can exclusively reveal that Axel Springer has registered its interest in acquiring the British broadsheets. https://news.sky.com/story/german-media ... n-12973041

[Boiler]

Guardian piece on Sir Paul Marshall, one of the front-runners.

https://www.theguardian.com/media/2023/ ... -telegraph

Marshall, who is worth £680m according to the Sunday Times Rich List, already has a public record for transformational zeal in the education system that is equalled only by his campaigning enthusiasm for Britain’s future outside Europe. One of his fans is Baroness Morgan, a former chair of Ofsted and one-time political secretary to Tony Blair. As adviser to Marshall’s academy schools chain, Ark, she has praised his “single-minded obsession” with changing the lives of poor children through education, adding that he “commits brain, time and money to making that happen”.

It is an unexpected testimonial from Sally Morgan for a Brexiter Tory party donor, but then there are plenty of complicating factors for those who may want to portray Marshall as a single-note, rightwing disruptor, with little understanding of journalism. For one thing, he worked for a while as a backroom adviser to the Liberal Democrats, even standing unsuccessfully for a parliamentary seat in 1987, and for another thing, his sister is Penny Marshall, the admired and experienced ITV news correspondent. He also chairs the independent thinktank CentreForum and his son, Winston, was a member of the voguish folk band Mumford & Sons.

[Youngian]

So Marshall isn’t fussy about whatever political platform can elevate his power and influence. Low life in high places.