24th June 2004
The CIoJ welcomes the news that the Daily Telegraph and the Sunday Telegraph have been purchased by the Barclay brothers.
In our view, this gives the Telegraph titles and their staffs strong hope of a secure future and drastically reduces the prospect of the newspapers being sold on again in a few years’ time, purely for profit.
Unlike some other potential buyers, the Barclays, owners of the Scotsman and the Spectator, have a solid background of media ownership and a good reputation in the industry.
The CIoJ has long held the policy view that too many newspaper titles in the hands of too few proprietors, is not in the public interest. The arrival of Sir Frederick and Sir David Barclay on the Daily newspaper ownership scene is, therefore, highly desirable.