Newspaper assets

Bill Hagerty's media column (2 October) made a number of references to the Telegraph newspapers and their parent company which require correction. At the conclusion of pending transactions already announced, this corporate group will have no debt whatsoever, more than $1bn in cash or equivalent securities, and an extensive range of highly satisfactory assets, including the Telegraph newspapers. Never, in the nearly 15 years of our ownership, has a sale by us of the Telegraph been less conceivable.

Peter Y Atkinson
Executive vice-president
Hollinger, Toronto, Canada

This article first appeared in the 09 October 2000 issue of the New Statesman, Schools that teach children to lie