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Telegraph £150m dividend fuels sale speculation

on Oct 1, 2016 | 0 comments

By Gillian West

Telegraph Media Group’s parent company has heightened speculation that its owners Sir Frederick Barclay and his twin brother, Sir David, may be preparing the sale of the newspaper group by paying its owners a dividend of £150m.

In its annual accounts for the year to January 2016, Press Acquisitions, which is controlled by the brothers, revealed it had written down the value of its publishing titles by £149.4m.

In a filing made public yesterday it said: “The market for the Telegraph’s newspaper sales and readership continues to decline as audiences consumer more and more content online.” However, a spokesman for Read full story ›

Source: The Drum