Sir David Barclay, one of the two billionaire brothers who own the Telegraph newspaper group, has died unexpectedly after a short illness, aged 86.
The newspaper reported that the billionaire died “unexpectedly”. Sir David, alongside his twin brother Sir Frederick, had built a huge business empire that began with hotels and later expanded to include shipping and retailing.
In 2004, he added ownership of the Telegraph Media Group to his portfolio. The brothers’ venture into media ownership began in 1992 when they purchased the weekly newspaper The European, which was launched by Robert Maxwell two years earlier.
In 1995, the Barclay brothers bought The Scotsman, which was sold to Johnston Press a decade later. They then went on to buy Sunday Business in 1997, a competitor to the Financial Times, which closed in 2008.
No comments:
Post a Comment