Telegraph and Spectator Boards Kick Off Sale Process

A copy of The Daily Telegraph newspaper and a The Spectator magazine on a newsstand in London, UK.

Photographer: Hollie Adams/Bloomberg
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Boards for the Telegraph newspaper group and Spectator magazine have kicked off a sale after bankers seized the conservative British media brands from the Barclay family.

Lloyds Banking Group Plc’s appointed receivers will start shopping the Telegraph Media Group Ltd. and the Spectator (1828) Ltd. to bidders, a representative for the independent directors said in a statement on Friday.