Anorak News | It’s Easier For A Rich Man…

It’s Easier For A Rich Man…

by | 23rd, June 2004

‘CONGRATULATIONS to the Barclay brothers, who last night won the battle to become the new owners of the Telegraph group after their £665m offer was accepted by Hollinger International.

‘And this is our bronze lifesaving badge’

We are quite sure that this change of ownership will not affect the paper’s editorial independence in any way.

And that will no doubt include continued attempts to shed light on the highly secretive business interests of the billionaire brothers.

But for now the paper is just happy to welcome Sir David and Sir Frederick aboard and is fulsome in its praise.

‘We have ended up not just in safe hands,’ trilled chief executive Jeremy Deedes, ‘but with new owners who have a great track record for nurturing, developing and investing in their acquisitions.’

And editor Martin Newland is equally as thrilled, commissioning a piece explaining how the reclusive twins made their money the hard way.

(That’s the Telegraph’s way of saying they had to earn their money and didn’t just inherit it like most of its readership.)

We at Anorak would also like to add our name to that list and take the opportunity to remind the Barclays (who are worth more than £3.7bn) that if they’re in the market for a humble online magazine…’

Posted: 23rd, June 2004 | In: Broadsheets Comment | TrackBack | Permalink