THE GUARDIAN: After year in ownerless limbo, Conservative party’s bible goes up for sale in second auction next week
As the dust settles on Labour’s landslide election win, the Conservative party is yet to decide when or how it will replace Rishi Sunak as leader. Meanwhile the newspaper regarded as the party’s house bible continues in its own kind of limbo.
More than a year after the Telegraph and its sister title, the Spectator, were seized by Lloyds Bank as down payments for debts run up by their proprietors, the Barclay family, the papers are still effectively ownerless with a second auction in under a year set to start in earnest on Friday next week.
What happens next is likely to set the tone for Britain’s right wing in both its politics and its media.
Many close to the paper nicknamed the Torygraph offer a shrug when asked what comes next in a saga that has lasted 13 months, involved the threat of criminal investigations and led to new takeover laws. Asked about the possibility of an unexpected new owner, one veteran dealmaker involved in the negotiations sighed: “Nothing would surprise me at this point.” » | Jane Martinson | Thursday, July 11, 2024
Showing posts with label The Daily Telegraph. Show all posts
Showing posts with label The Daily Telegraph. Show all posts
Thursday, July 11, 2024
Tuesday, November 28, 2023
Lord Hague Comes Out against ‘Disturbing’ UAE Attempt to Buy The Telegraph
THE TELEGRAPH: Former Tory leader stresses that allowing effective foreign state ownership of a major newspaper is ‘going too far‘
The former foreign secretary called on Lucy Frazer, the Culture Secretary, to intervene by triggering a regulatory investigation | CREDIT: Joe Newman
Lord Hague has described The Telegraph’s proposed takeover by Abu Dhabi as “disturbing” and one that “should be prevented”.
The former foreign secretary called on Lucy Frazer, the Culture Secretary, to intervene by triggering a regulatory investigation in the public interest.
Writing in The Times, Lord Hague stressed that while there was “more to admire” about the United Arab Emirates (UAE) “than to fear”, allowing effective foreign state ownership of a major newspaper was “going too far”.
Lloyds Banking Group, which took control of The Telegraph and The Spectator in June from the Barclay family, is pursuing a £1.2 billion deal to hand over control of the titles to RedBirdIMI, a fund backed by Sheikh Mansour bin Zayed Al-Nahyan, the UAE vice-president.
The proposed transaction has fuelled concerns over press freedom, given the UAE’s authoritarian leadership and track record of media censorship. Most senior Tory to come out against UAE deal » | Robert Mendick, Chief Reporter | Monday, November 27, 2023
Related articles and comments written by me here and here.
Lord Hague has described The Telegraph’s proposed takeover by Abu Dhabi as “disturbing” and one that “should be prevented”.
The former foreign secretary called on Lucy Frazer, the Culture Secretary, to intervene by triggering a regulatory investigation in the public interest.
Writing in The Times, Lord Hague stressed that while there was “more to admire” about the United Arab Emirates (UAE) “than to fear”, allowing effective foreign state ownership of a major newspaper was “going too far”.
Lloyds Banking Group, which took control of The Telegraph and The Spectator in June from the Barclay family, is pursuing a £1.2 billion deal to hand over control of the titles to RedBirdIMI, a fund backed by Sheikh Mansour bin Zayed Al-Nahyan, the UAE vice-president.
The proposed transaction has fuelled concerns over press freedom, given the UAE’s authoritarian leadership and track record of media censorship. Most senior Tory to come out against UAE deal » | Robert Mendick, Chief Reporter | Monday, November 27, 2023
Related articles and comments written by me here and here.
Sunday, November 26, 2023
Tory Concern Grows over Potential Sale of Telegraph Titles to Abu Dhabi
THE OBSERVER: Former Telegraph editor Charles Moore among those to condemn bid for the Conservative party’s paper of choice
The Daily Telegraph, along with the Sunday Telegraph and the Spectator, has been targeted by Abu Dhabi’s royal family. Photograph: Martin Godwin/The Guardian
Tory MPs are used to poring over the pages of the Telegraph titles for evidence of whose political fortunes are up or down in the party’s papers of choice. Now, however, senior Conservatives are more worried about the increasingly fraught battle for the publications’ ownership than with what appears on their pages.
There is growing backbench unease over an Abu Dhabi-backed bid that appears to be the leading contender to seize the newspapers and the weekly Spectator.
And this weekend the grand figure of Lord (Charles) Moore entered the fray. In an urgent plea issued on the radio and in an opinion piece in the Daily Telegraph itself, Moore, who has edited all three of the British titles now on sale, argued that a media purchase of such significance by a Gulf state would be dangerous.
“The Telegraph and the Spectator are great British institutions. They should not be controlled by a foreign power,” he wrote. Moore added that the deal would in effect give control to Abu Dhabi’s ruling family, which is very different from the simple sale of a commercial asset to an individual owner.
…
But in the run-up to Thursday’s Cop28 climate change summit in Dubai – like Abu Dhabi, one of the United Arab Emirates (UAE) – Rishi Sunak’s government clearly sees greater financial links with the UAE as an aim, rather than a risk. So tomorrow the prime minister is to host financiers from Abu Dhabi for a global investment summit at Hampton Court Palace. » | Vanessa Thorpe and Michael Savage | Sunday, November 26, 2023
If this sale goes ahead, it will be a case of TWATS AT THE TOP! Only a fool would sell off our media to the anyone in the Islamic world! If this sale goes ahead, the Islamisation of the United Kingdom will be turbo-charged! Are these people who are contemplating this ridiulous and dangerous sale right in the head? One of the first ways of gaining control of the narrative of a nation is by gaining control of its media. This is elementary. Doesn't Rishi Sunak understand this basic fact? Is the acceleration of the Islamisation of the UK going to be Sunak's legacy? The man is a fool! He worries about and wants to put a stop to young people being able to buy a fag, but he doesn't care about the country he is supposed to love so much being Islamised!
If this sale goes ahead, this country will have reached the point of no return. As a nation, we will have crossed the Rubicon! UNDER NO CIRCUMSTANCES SHOULD THIS SALE GO AHEAD. Sheikh Mansour bin Zayed Al Nahyan will be the buyer and that will be the beginning of the end of press freedom in this country. The beginning of the end of press freedom and the beginnning of the Islamisation of this country in earnest. Gay rights will become a thing of the past. Muhammad will become this nation's prophet and Jesus will be relegated to prophethood. Allah will become our god. Sunak is already determined to take people's right to smoke away. If this sale goes ahead, people's right to drink alcohol and eat pork will be next on the list to be taken away!
This country, post-Brexit, has taken leave of its senses! It is losing its mind! Jesus Christ Almighty! Help! – © Mark Alexander
Tory MPs are used to poring over the pages of the Telegraph titles for evidence of whose political fortunes are up or down in the party’s papers of choice. Now, however, senior Conservatives are more worried about the increasingly fraught battle for the publications’ ownership than with what appears on their pages.
There is growing backbench unease over an Abu Dhabi-backed bid that appears to be the leading contender to seize the newspapers and the weekly Spectator.
And this weekend the grand figure of Lord (Charles) Moore entered the fray. In an urgent plea issued on the radio and in an opinion piece in the Daily Telegraph itself, Moore, who has edited all three of the British titles now on sale, argued that a media purchase of such significance by a Gulf state would be dangerous.
“The Telegraph and the Spectator are great British institutions. They should not be controlled by a foreign power,” he wrote. Moore added that the deal would in effect give control to Abu Dhabi’s ruling family, which is very different from the simple sale of a commercial asset to an individual owner.
…
But in the run-up to Thursday’s Cop28 climate change summit in Dubai – like Abu Dhabi, one of the United Arab Emirates (UAE) – Rishi Sunak’s government clearly sees greater financial links with the UAE as an aim, rather than a risk. So tomorrow the prime minister is to host financiers from Abu Dhabi for a global investment summit at Hampton Court Palace. » | Vanessa Thorpe and Michael Savage | Sunday, November 26, 2023
If this sale goes ahead, it will be a case of TWATS AT THE TOP! Only a fool would sell off our media to the anyone in the Islamic world! If this sale goes ahead, the Islamisation of the United Kingdom will be turbo-charged! Are these people who are contemplating this ridiulous and dangerous sale right in the head? One of the first ways of gaining control of the narrative of a nation is by gaining control of its media. This is elementary. Doesn't Rishi Sunak understand this basic fact? Is the acceleration of the Islamisation of the UK going to be Sunak's legacy? The man is a fool! He worries about and wants to put a stop to young people being able to buy a fag, but he doesn't care about the country he is supposed to love so much being Islamised!
If this sale goes ahead, this country will have reached the point of no return. As a nation, we will have crossed the Rubicon! UNDER NO CIRCUMSTANCES SHOULD THIS SALE GO AHEAD. Sheikh Mansour bin Zayed Al Nahyan will be the buyer and that will be the beginning of the end of press freedom in this country. The beginning of the end of press freedom and the beginnning of the Islamisation of this country in earnest. Gay rights will become a thing of the past. Muhammad will become this nation's prophet and Jesus will be relegated to prophethood. Allah will become our god. Sunak is already determined to take people's right to smoke away. If this sale goes ahead, people's right to drink alcohol and eat pork will be next on the list to be taken away!
This country, post-Brexit, has taken leave of its senses! It is losing its mind! Jesus Christ Almighty! Help! – © Mark Alexander
Saturday, November 25, 2023
It Would Be Unforgivable to Allow Abu Dhabi to Nationalise the Telegraph and Spectator
THE TELEGRAPH: Rishi Sunak might fear upsetting Arab friends, but these are great British institutions whose future is now in doubt
joined this newspaper in 1979 and have subsequently edited all the three titles in its stable – The Spectator, The Sunday Telegraph and The Daily Telegraph. I remain on the staff. I have therefore reached that stage in life when kind younger people, trying to make conversation, say, “You must have seen a few changes, then!”
I have. They include the defeat of the print unions in the 1980s, the consequent new technology and business success, the rise of the internet and the conquest of print by digital. This has involved frequent meetings with triumph and disaster of the sort Kipling recognised in his famous poem.
As the editor at most of these junctures, I have also seen changes of ownership. I am familiar with the process by which one commanding and successful owner gets into difficulties and finds that he (it has always been men) must cede control to another.
This has happened with the ownership of the Telegraph Group by the Barclay family. From the editorial point of view, they were good proprietors, in that they did not tell their editors what to write.
They also did not tell their editors, however, that they had put up their titles as collateral against big debts. This summer, in a controversial move, Lloyds Bank, angry that the Barclays’ debt to them was not being repaid, put the papers (which are profitable) into receivership. That was a change I had not seen before. » | Charles Moore | Friday, November 24, 2023
This is an excellent article. I agree with Charles Moore’s sentiments absolutely.
It is an outrage that these newspapers and publications could be sold to the UAE. First of all, is every damn thing in the UK now for sale to the highest bidder? Is nothing sacred? Can’t we Brits keep anything British anymore?
Secondly, and every bit as important: selling our press to the Islamic world is a sure fire way of getting rid of press freedom. It is also a fast track to the Islamisation of the UK.
To use Margaret Thatcher’s famous words: No! No! No! – © Mark Alexander
A related article here with a further comment from me.
joined this newspaper in 1979 and have subsequently edited all the three titles in its stable – The Spectator, The Sunday Telegraph and The Daily Telegraph. I remain on the staff. I have therefore reached that stage in life when kind younger people, trying to make conversation, say, “You must have seen a few changes, then!”
I have. They include the defeat of the print unions in the 1980s, the consequent new technology and business success, the rise of the internet and the conquest of print by digital. This has involved frequent meetings with triumph and disaster of the sort Kipling recognised in his famous poem.
As the editor at most of these junctures, I have also seen changes of ownership. I am familiar with the process by which one commanding and successful owner gets into difficulties and finds that he (it has always been men) must cede control to another.
This has happened with the ownership of the Telegraph Group by the Barclay family. From the editorial point of view, they were good proprietors, in that they did not tell their editors what to write.
They also did not tell their editors, however, that they had put up their titles as collateral against big debts. This summer, in a controversial move, Lloyds Bank, angry that the Barclays’ debt to them was not being repaid, put the papers (which are profitable) into receivership. That was a change I had not seen before. » | Charles Moore | Friday, November 24, 2023
This is an excellent article. I agree with Charles Moore’s sentiments absolutely.
It is an outrage that these newspapers and publications could be sold to the UAE. First of all, is every damn thing in the UK now for sale to the highest bidder? Is nothing sacred? Can’t we Brits keep anything British anymore?
Secondly, and every bit as important: selling our press to the Islamic world is a sure fire way of getting rid of press freedom. It is also a fast track to the Islamisation of the UK.
To use Margaret Thatcher’s famous words: No! No! No! – © Mark Alexander
A related article here with a further comment from me.
Friday, November 24, 2023
The Telegraph, the Autocracy and Free Speech: Can RedBird IMI Calm Media Fears?
THE GUARDIAN: One of the investors bidding for the paper is the vice-president of the UAE, which is ranked far down the press freedom index
The Daily Telegraph is more than 100 years older than the United Arab Emirates. Photograph: Luke MacGregor/Reuters
The United Arab Emirates has a mixed record on free speech. Detention of journalists is not uncommon and the nation ranked 145th out of 180 countries included in a press freedom index compiled by Reporters Without Borders.
Now a member of the ruling elite has set his sights on a UK newspaper whose roots can be traced back more than 100 years before the official creation of the Gulf state.
Sheikh Mansour bin Zayed Al Nahyan, the UAE’s vice-president, best known in the UK for his ownership of Manchester City football club, has thrown his considerable financial heft behind RedBird IMI, an investment consortium looking to take control of the Telegraph and its stablemate, the Spectator magazine. » | Rob Davies | Friday, November 24, 2023
The prostitution and submission of the effete West to Islam and its ever-tightening grip on European nations will become increasingly felt if and when our press is sold off to über-rich potentates, to men who are in thrall to the power and influence of their version of the Almighty, to men who believe the final Messenger of God is Muhammad – a man whose apostleship has always been denied by the Christian West.
When a nation is no longer in control of its media and is sold off to Islamic powers, it won’t be long before press freedom will become a distant memory.
If this sale goes ahead, the acid test of press freedom will be criticism of Islam itself or of its prophet. – © Mark Alexander
The United Arab Emirates has a mixed record on free speech. Detention of journalists is not uncommon and the nation ranked 145th out of 180 countries included in a press freedom index compiled by Reporters Without Borders.
Now a member of the ruling elite has set his sights on a UK newspaper whose roots can be traced back more than 100 years before the official creation of the Gulf state.
Sheikh Mansour bin Zayed Al Nahyan, the UAE’s vice-president, best known in the UK for his ownership of Manchester City football club, has thrown his considerable financial heft behind RedBird IMI, an investment consortium looking to take control of the Telegraph and its stablemate, the Spectator magazine. » | Rob Davies | Friday, November 24, 2023
The prostitution and submission of the effete West to Islam and its ever-tightening grip on European nations will become increasingly felt if and when our press is sold off to über-rich potentates, to men who are in thrall to the power and influence of their version of the Almighty, to men who believe the final Messenger of God is Muhammad – a man whose apostleship has always been denied by the Christian West.
When a nation is no longer in control of its media and is sold off to Islamic powers, it won’t be long before press freedom will become a distant memory.
If this sale goes ahead, the acid test of press freedom will be criticism of Islam itself or of its prophet. – © Mark Alexander
Thursday, December 02, 2021
Daily Telegraph Owner Could Go to Jail for Allegedly Failing to Pay Ex-wife £50m
THE GUARDIAN: Lady Hiroko Barclay asks judge to commit Sir Frederick Barclay to prison for non-payment of divorce settlement
Sir Frederick Barclay leaves the high court in London. Photograph: Kirsty O’Connor/PA
The reclusive billionaire owner of the Daily Telegraph could be sent to jail, after allegedly failing to pay his ex-wife £50m in one of the biggest divorce settlements in UK history.
Sir Frederick Barclay’s ex-wife has asked a judge to commit him to prison after claiming the businessman failed to make payments ordered by the high court.
Lady Hiroko Barclay said 87-year-old Sir Frederick is in contempt of court and accused him of breaching orders relating to the payment of money and production of documents.
Earlier this year Lady Barclay was awarded a settlement of £100m following the breakdown of their 34-year marriage. She now says Sir Frederick has failed to hand over the first half of the money and to produce relevant material. Lawyers representing Sir Frederick indicated he would mount a defence. » | Jim Waterson and agencies | Thursday, December 2, 2021
The reclusive billionaire owner of the Daily Telegraph could be sent to jail, after allegedly failing to pay his ex-wife £50m in one of the biggest divorce settlements in UK history.
Sir Frederick Barclay’s ex-wife has asked a judge to commit him to prison after claiming the businessman failed to make payments ordered by the high court.
Lady Hiroko Barclay said 87-year-old Sir Frederick is in contempt of court and accused him of breaching orders relating to the payment of money and production of documents.
Earlier this year Lady Barclay was awarded a settlement of £100m following the breakdown of their 34-year marriage. She now says Sir Frederick has failed to hand over the first half of the money and to produce relevant material. Lawyers representing Sir Frederick indicated he would mount a defence. » | Jim Waterson and agencies | Thursday, December 2, 2021
Tuesday, May 05, 2015
Are These Portrayals of Pamela Geller Fair?
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