Truth dodges a bullet: USAToday not buying UK Telegraph

Alpharetta

(1000+ posts) Send PM | Profile | Ignore

Mon Mar-29-04 07:55 AM
Original message

Truth dodges a bullet: USAToday not buying UK Telegraph

http://www.brandrepublic.com/mediabulletin/news_story.cfm?articleID=206389&Origin=MB29032004

LONDON - Gannett, owner of USA Today, has become the second bidder to quit the race for the Telegraph Group, saying that the price being asked was too high.

Gannett follows Express Newspapers owner Richard Desmond, who pulled out of the race to buy the Daily Telegraph on Friday when his Northern & Shell holding company failed to bid high enough.

The Sunday Times cited an unnamed executive at Gannett as saying that the price being asked by Hollinger International for the Telegraph Group was "crazy".

In the second round of bidding the billionaire Barclay brothers are said to have offered a sum of around �670m for the Telegraph titles.

(More at link)

Printer Friendly | Permalink | | Top

sweetheart

(1000+ posts) Send PM | Profile | Ignore

Mon Mar-29-04 08:31 AM
Response to Original message

1. Ha ha! The dollar collapse hurts, eh gannet-liars

The Pound cost in dollars knocked them out. Dollar buying power
is dropping like a stone. Phew! The weaker the dollar, the weaker
american power to distort the truth.

Indeed it did dodge a bullet. Expect the Barclay brothers to get
it "again" this time with hollinger board approval.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Mon May 20th 2024, 07:14 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.