Press Holdings Ltd

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< David and Frederick Barclay < Press Holdings Ltd
"The Telegraph has become a propaganda tool for the Barclay brothers to promote their low tax, small state agenda, and to help get their stooge Boris Johnson into Downing Street. Profits have collapsed under assault from social media companies."[1]

Press Holdings and May Corporation Ltd, two Jersey-registered holding companies, control the UK holding company Press Acquisitions Ltd, which in turn owns the Telegraph Media Group Ltd, parent company of the Daily Telegraph, Sunday Telegraph and The Spectator.

Media Brands

  • The Telegraph is a national British daily broadsheet newspaper. It is disparagingly referred to as "The Torygraph" by some; whereas the BBC has described it as "one of the world's great titles".[2]
  • The Spectator, a weekly British magazine on politics, culture, and current affairs.
  • Apollo, a monthly international magazine covering visual arts of all periods.

Company

Ownership

ToDo: David and Frederick Barclay Family Settlements; RBC Trust Company (International) Ltd, OC

Structure

  • Press Holdings, OpenCorporates-sm.svg, reg. Jersey Flag-Jersey.svg
  • May Corporation Ltd, OpenCorporates-sm.svg, reg. Jersey Flag-Jersey.svg
    • Press Acquisitions Ltd, OpenCorporates-sm.svg
      • Telegraph Media Group Ltd
        • Sunday Telegraph
        • The Telegraph
        • The Spectator
        • Apollo

Timeline

  • Dec.2005: Press Holdings sold The Scotsman Publications to Edinburgh-based Johnston Press.
  • 1995: Acquired The Scotsman Publications.

Articles

  • Feb.17.2015: Why I have resigned from the Telegraph. The coverage of HSBC in Britain's Telegraph is a fraud on its readers. If major newspapers allow corporations to influence their content for fear of losing advertising revenue, democracy itself is in peril. With the collapse in standards has come a most sinister development. It has long been axiomatic in quality British journalism that the advertising department and editorial should be kept rigorously apart. There is a great deal of evidence that, at the Telegraph, this distinction has collapsed. The (lack of) reporting on HSBC is part of a wider problem. ... It is not only the Telegraph that is at fault here. The past few years have seen the rise of shadowy executives who determine what truths can and what truths can’t be conveyed across the mainstream media. The criminality of News International newspapers during the phone hacking years was a particularly grotesque example of this wholly malign phenomenon. ... From the start of 2013 onwards stories critical of HSBC were discouraged. HSBC suspended its advertising with the Telegraph. Its account, I have been told by an extremely well informed insider, was extremely valuable. Winning back the HSBC advertising account became an urgent priority. It was eventually restored after approximately 12 months. openDemocracy, Peter Oborne.