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==Recent history== {{Unreferencedsect|date=June 2006}} ''The Daily Telegraph'' is owned by the [[Barclay brothers]]. Until January 2004 the newspaper group was controlled by [[Canada|Canadian]] businessman, [[Conrad Black|Conrad, Lord Black]]. Black, through his holding company [[Ravelston Corporation]], owned [[Hollinger Inc.]] which in turn owns 30% of [[Hollinger International]] and, under a deal struck by [[Andrew Stephen Bower Knight|Andrew Knight]] through which Black bought the newspaper group in 1986, owns 78% of the voting rights. Hollinger Inc. also owns the liberal ''[[Chicago Sun-Times]]'', the ''[[Jerusalem Post]]'', and conservative publications such as ''[[The Spectator]]''. On [[January 18]] [[2004]], Black was sacked as [[chairman of the board|chairman]] of the Hollinger International [[board of directors|board]] over allegations of financial wrongdoing. Black was also sued by the company. Later that day it was reported that the [[Barclay brothers]] had agreed to purchase Hollinger Inc. from Black, giving them the controlling interest in the newspaper group. They then launched a [[takeover]] bid for the rest of the group, [[valuation|valuing]] the company at [[Pound sterling|Β£]]200m. However, a suit has been filed by the Hollinger International board with the [[U.S. Securities and Exchange Commission]] to try to block Black selling [[stock|shares]] in the company until an investigation into his dealings have been completed. Black filed a counter-suit but eventually United States judge Leo Strine sided with the Hollinger International board and blocked Black from selling his Hollinger Inc. shares and interests to the twins. On Sunday [[March 7]], the twins announced they were launching another takeover bid, this time just for the ''Daily Telegraph'' and its Sunday sister paper rather than the whole stable. Current owner of the ''[[Daily Express]],'' [[Richard Desmond]], was also interested in purchasing the paper, selling his interest in several pornographic magazines to finance the initiative. Desmond withdrew in March 2004 when the price climbed above Β£600m, as did [[Daily Mail and General Trust plc]] on [[June 17]]. Eventually, the Barclay brothers purchased Hollinger, and with it the ''Telegraph'', for around Β£665m in late June 2004. Amidst the unraveling of the takeover Sir David Barclay suggested that ''The Daily Telegraph'' might in future no longer be the "house newspaper" of the Conservative Party. In an interview with ''The Guardian'' he said, "Where the government are right we will support them." The editorial board endorsed the Conservatives in the 2005 general election.<!--source:DT leader of 5/5/2005. subscription required for online access--> [[November 15]] [[2004]] saw the tenth anniversary of the launch of the ''Telegraph's'' website [[Electronic Telegraph]]. Now re-launched as [http://www.telegraph.co.uk telegraph.co.uk], the website was the UK's first national newspaper online. Monday 8th May 2006 saw the first stage of a major redesign of ''the Telegraph'''s website, based on a wider page layout and greater prominence for audio, video and journalist blogs. There has been speculation about the launch of a [[compact (newspaper)|compact]] edition of ''The Daily Telegraph'' to counter the change in size of ''The Times'' to a [[tabloid]].{{Fact|date=February 2007}} However, the ''Telegraph'' has denied these claims and indeed has tried to attract disgruntled ''Times'' readers who want to read a more upmarket [[broadsheet]]. One of its latest advertising slogans was ''Impact, Not Compact''. On [[10 October]] 2005, the ''Daily Telegraph'' relaunched to incorporate a tabloid sports section and a new standalone business section. The ''[[Daily Mail|Daily Mail's]]'' star columnist and political analyst [[Simon Heffer]] left that paper in October 2005 to rejoin the ''Daily Telegraph'', where he has become associate editor. Heffer, known for his combative style and wit, has written two columns a week for the ''Telegraph'' since late October 2005. Just before Christmas 2005, it was announced that the ''Telegraph'' titles will be moving from Canada Place in Canary Wharf, to Victoria Plaza, near Victoria Station in central London. [http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/12/22/cntel22.xml] The new office features a 'hub and spoke' layout for the newsroom, which will produce content for print and online editions.
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