The Telegraph, publisher of the Daily Telegraph, Sunday Telegraph and Spectator, has sold its holding of 1.21m ordinary shares in Carlton Communications. The sale price was £10.9m, with the Telegraph making a pre-tax profit of £7.54m.
The Telegraph acquired the stake in September 1994, when it exchanged its 5% holding in Carlton Television and outstanding loan stock for 1,213,101 Carlton shares.
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