Looks like The Daily Telegraph is in trouble, after shareholders forced its Canadian proprietor to cough up about the rather generous dollops of wodge he's been paying himself and his mates.
The Torygraph, in case you don't know, is the newspaper of choice for British conservatives. Lots of journalists quite like it too, because (at least until it got all trendy in recent months, with a new design) it had the highest story count of all the British papers and the most detailed crime and court reporting.
The paper is owned by Hollinger, the third biggest newspaper company in the world. Hollinger also runs papers like The Jerusalem Post and the Sydney Morning Herald. Hollinger's chairman is Conrad Black, who is a member of the House of Lords.

Conrad Black: No room on the bus.
Now it turns out that Black has bunged himself and his chums almost £300 million in "management fees" over the last eight years. Black also apparently kept a couple of private jets on standby, presumably in case Concorde was fully booked.
Dontcha just love capitalism? It would be truly ironic if the Torygraph fell victim to the Gordon Gekko "Greed is good" mentality it did so much to foster. It's quite likely the title will be sold off to improve Hollinger's rather depleted bank balance. Step forward the likely buyers: well, Uncle Rupert is bound to be interested. The Torygraph sells more copies than his threadbare Times. And Richard "Asian Babes" Desmond, who owns the dismal Daily Express (as well as a range of "top shelf" magazines) would also probably fancy a bit of broadsheet respectability.
Strangely, the story of Black's demise does not feature prominently today on the Telegraph's site. In fact, you can't even read about it unless you subscribe, so I won't bother posting the link.
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