Article 6C31S Telegraph parent company faces being put into administration

Telegraph parent company faces being put into administration

by
Mark Sweney
from World news | The Guardian on (#6C31S)

Speculation revived about ownership of media group as talks with Lloyds over 65m loans break down

The future ownership of the Daily and Sunday Telegraph has once again been thrust into the spotlight, after it emerged that the newspaper group's parent company faces the threat of being put into administration by lenders.

Lloyds Banking Group has threatened to put Press Acquisitions, the company controlled by the Barclay family that owns the newspapers' parent company, Telegraph Media Group (TMG), into administration after a breakdown in talks over loans the business has racked up over the years.

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