Press Acquisitions News Today

Nick Hugh’s exit comes amid concern over Barclay family’s deal to transfer control of titles

The Jeff Zucker-led effort to take control of the U.K.’s Telegraph Group was stalled Friday after tweaks to the plan prompted another government probe into…

Jeff Zuckers Redbird IMI takeover of The Telegraph was stalled Friday following a probe from U.K. Culture Minister Lucy Frazer.

Independent board members highlight ‘historic issues’ with Barclay family’s media assets

Lloyds Banking Group has pledged to retain the independent board brought in to oversee the sale of The Daily Telegraph during a government probe into its potential purchase by an Abu Dhabi-backed investment fund.

The Barclay family will not contest the liquidation of a key holding company if it fails to repay £1.16bn in loans owned to Lloyds Banking Group by 1 December, Sky News learns.

Lucy Frazer could issue a public interest intervention notice in relation to RedBird IMI’s prospective move to control The Daily Telegraph as soon as this week, Sky News understands.

Flint Global, the public affairs firm set up by Ed Richards, is giving secret advice to RedBird IMI amid growing calls for the government to order an inquiry into the titles’ takeover, Sky News learns.

The Barclay family is aiming to repay a long-standing debt to Lloyds Banking Group within a fortnight to regain control of The Daily Telegraph and Spectator, Sky News learns.

RedBird IMI, a vehicle headed by former CNN president Jeff Zucker, has agreed to finance part of the Barclays efforts to regain control of the broadsheet newspapers, Sky News can exclusively reveal.