Press Holdings

Press Holdings and May Corporation Limited are two Jersey-registered holding companies owned by Frederick Barclay, which control the UK holding company Press Acquisitions Limited,[1] which in turn owns the Telegraph Media Group, parent company of The Daily Telegraph and The Sunday Telegraph.[2]

In December 2005, Press Holdings sold The Scotsman Publications to the Edinburgh-based Johnston Press for £160m,[3] having paid £82m for the group in 1995.

The company formerly owned The Spectator, a weekly British political magazine, and Apollo, an art magazine.

In July 2023, it was announced that Mike McTighe had been appointed chairman of Press Holdings and May Corporation Limited in order to oversee the sale of the Telegraph and the Spectator Magazine. [4]

The disposal of The Spectator and Apollo was completed in September 2024.[5]

References

1. DueDil: Press Acquisitions Limited Linked 2013-08-11
2. The Guardian, 17 December 2012: Barclay brothers' £1bn VAT windfall bid puts tactics in spotlight Linked 2013-08-11
3. Daily Telegraph, 19 December 2005, Johnston Press buys The Scotsman
4. Williams, Christopher (17 July 2023). "Chairman appointed to spearhead sale of The Telegraph". The Telegraph. ISSN 0307-1235. Retrieved 17 July 2023.
5. Maher, Bron (10 September 2024). "Paul Marshall pledges to fix 'underinvestment' in Spectator as sale goes through". Press Gazette. Retrieved 29 September 2024.