(Reuters) – Telegraph Media Group and the Spectator magazine will not resume a sale process it paused last month, the publishers said on Tuesday, after the Barclay family, helped by Abu Dhabi-backed RedBird IMI, repaid a 1.2 billion pound ($1.51 billion) debt to Lloyds Bank.
A battle to own the right-leaning newspaper and the Spectator political magazine was launched earlier this year when Lloyds seized control of the titles from the Barclay family following a long running dispute over the debt.
($1 = 0.7922 pounds)
(Reporting by Eva Mathews in Bengaluru; Editing by Nivedita Bhattacharjee)
