Press Holdings
Encyclopedia
Press Holdings is the name of a British holding company
owned by the Barclay brothers which has: The Spectator
and the Apollo
arts magazine, as well as operating some online journalism ventures such as handbag.com. Its chief executive is Andrew Neil
. The Telegraph Media Group
, which controls the Daily Telegraph and Sunday Telegraph
, is a subsidiary of Press Holdings.
In December 2005, it sold The Scotsman Publications
to the Edinburgh
-based Johnston Press
for £160m, having paid £82m for the group in 1995. The Barclays are property magnates, and still own The Scotsman’s Edinburgh headquarters having sold the old historic building for conversion to an hotel.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
owned by the Barclay brothers which has: The Spectator
The Spectator
The Spectator is a weekly British magazine first published on 6 July 1828. It is currently owned by David and Frederick Barclay, who also owns The Daily Telegraph. Its principal subject areas are politics and culture...
and the Apollo
Apollo (magazine)
Apollo is a British fine and decorative arts magazine. Founded in 1925 and based in London, it features a mixture of exhibition reviews, art-world news, profiles of collectors, and articles by scholars....
arts magazine, as well as operating some online journalism ventures such as handbag.com. Its chief executive is Andrew Neil
Andrew Neil
Andrew Ferguson Neil is a Scottish journalist and broadcaster.He currently works for the BBC, presenting the live political programmes The Daily Politics and This Week...
. The Telegraph Media Group
Telegraph Media Group
The Telegraph Media Group is the proprietor of the Daily Telegraph and Sunday Telegraph. It is a subsidiary of Press Holdings. David and Frederick Barclay acquired the group in July 2004, after months of intense bidding and lawsuits, from Hollinger Inc...
, which controls the Daily Telegraph and Sunday Telegraph
Sunday Telegraph
The Sunday Telegraph is a British broadsheet newspaper, founded in February 1961. It is the sister paper of The Daily Telegraph, but is run separately with a different editorial staff, although there is some cross-usage of stories...
, is a subsidiary of Press Holdings.
In December 2005, it sold The Scotsman Publications
The Scotsman publications
The Scotsman Publications Limited is the parent company of The Scotsman, Scotland on Sunday, Edinburgh Evening News and Herald & Post newspapers, and of the website....
to the Edinburgh
Edinburgh
Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...
-based Johnston Press
Johnston Press
Johnston Press plc is a newspaper publishing company headquartered in Edinburgh, Scotland. Its flagship titles are The Scotsman and the Yorkshire Post; it also operates many other newspapers around the United Kingdom, the Republic of Ireland and the Isle of Man. It is the second-largest publisher...
for £160m, having paid £82m for the group in 1995. The Barclays are property magnates, and still own The Scotsman’s Edinburgh headquarters having sold the old historic building for conversion to an hotel.