That’s the only way to explain a possible 600 million pound ($748 million) price tag for the Britain’s Telegraph Media Group (TMG).
EBITDA hit 40 million pounds, up 5%, based on UK filings, while borrowings were minimal.
Lloyds reckons the price tag could be as high as 600 million pounds, according to media reports.
Japanese media group Nikkei bought the Financial Times in 2015 for 2.5 times the previous year’s revenue.
Follow @pamela_msg on TwitterCONTEXT NEWSReceivers chosen by Lloyds Banking Group could put the Telegraph Media Group up for sale after its Bermuda-based parent company B.UK failed to repay bank loans.
Persons:
Nick Hugh, EBITDA, Barclay, Sir Frederick Barclay, David, TMG, AlixPartners, Italy’s Agnelli, B.UK, Liam Proud, Oliver Taslic
Organizations:
Reuters, Britain’s Telegraph Media, Sunday Telegraph, Spectator, Lloyds Banking Group, Lloyds, Daily, Nikkei, Financial Times, Economist Group, Conservative Party, Telegraph Media, Telegraph, Sky News, Thomson
Locations:
Bermuda