hen the Barclay brothers purchased the Telegraph titles in 2004 the brand new possession was presupposed to usher in a interval of stability after their predecessor, the Canadian press baron Conrad Black, was sued by his personal firm. He was ultimately sentenced to 6 and a half years in a US jail for fraud earlier than being granted a pardon by Donald Trump.
And at first the brand new proprietors — Sir Frederick and Sir David — loved success. They have been well-known within the City however have been thought to be secretive. They have been robust negotiators and had already dabbled within the press with the doomed Sunday Business, however their fundamental pursuits appeared to be in property. Their most evident trait was a need for privateness. What did they need with a newspaper? The trappings of the London media world appeared of little curiosity.
