Founded in 1855, The Daily Telegraph is one of the few remaining British broadsheets. Property magnate twins, Sir David and Sir Frederick Barclay bought the group, which includes The Sunday Telegraph and Telegraph.co.uk, from Lord Black in 2004 for £655m and have since set about modernising it. They have moved the group’s operations from London’s Canary Wharf to a state-of-the-art multimedia newsroom in Victoria and made substantial investment in Telegraph.co.uk and the group’s digital operations. The group, whose parent company is Press Acquisitions, is led by chief executive Murdoch MacLennan, and reported sales of £341.1m in 2006.
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