Britain’s Daily and Sunday Telegraph Put up for Sale After Bank Runs out of Patience

Bidders expected for 178-year-old title which broke MPs' expenses scandal

A woman reads a copy of The Daily Telegraph newspaper in London, on May 21, 2009. Leon Neal/AFP via Getty Images

A traditionally conservative newspaper group has been put up for sale after the Bank of Scotland—owned by the Lloyds Banking Group—ran out of patience with its owners over a £1 billion debt.

The Daily Telegraph, its Sunday sister paper, and The Spectator magazine will now be sold to the highest bidder after the failure of talks between the Barclay family and the bank.