Thursday, October 19, 2006

Press Gazette for sale?

Press Gazette's Freud to reconsider shareholder position

Press Gazette could be put up for sale as key shareholder, PR guru Matthew Freud, reassesses his stake in the title because of a lack of support for one of the its main revenue generators, the British Press Awards.

It is understood that Freud has become frustrated by Associated Newspapers, Express Newspapers and The Telegraph Group's decision to boycott last year's awards ceremony, after claiming that co-owners Freud and Piers Morgan, were "inappropriate administrators".

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