Telegraph Media Group set for sale after row with lenders
Sky News has reported that advisers from Lazard will oversee the proposed sale process of the Daily and Sunday Telegraph, as well as The Spectator magazine
The Daily and Sunday Telegraph and The Spectator magazine are set to be put up for sale after talks between their owners and lenders collapsed.
It came after the Barclay family, the billionaire owners of the Telegraph Media Group, denied that the business could face administration.
It is understood that Lloyds Banking Group has appointed corporate finance advisory firm AlixPartners as official receivers for Press Acquisitions, the company controlled by the Barclays which owns the ...