2023 loan hit of £278m from Barclay family owners causes Telegraph Media Group £244.6m loss.
The Telegraph Media Group faced a £278m loan hit in 2023 from its billionaire Barclay family owners, pushing the company to a £244.6m loss. Despite a 5% year-on-year turnover increase to £268m, the company's financial position was impacted by potential irregularities in transactions between the group and other parts of the Barclay empire, creating uncertainty about future repayment claims and ownership structure.
June 19, 2024
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