Could this be the end for the Torygraph? Once a national paper loses readers’ respect, it’s over.
The owners of the Daily Telegraph secured a £250m loan from HSBC for a struggling corner of their business empire shortly before the newspaper’s reporters were allegedly “discouraged” from running articles critical of the bank, the Guardian has learned.
The timing of the loan deal for Yodel, a loss-making parcel delivery firm owned by the Barclay brothers, raises fresh questions over the influence of commercial considerations on the Telegraph’s editorial coverage of HSBC.
The deal was completed on 14 December 2012, company documents show. The paper’s former chief political commentator Peter Oborne alleged this week that there was a sea change in its editorial treatment of the bank from early 2013.
Read the full story on the Guardian website.
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