Sky News, a British news organization founded in 1989, produces and distributes broadcast media. The privately-owned company, headquartered in the UK and employing approximately 700 people, is a subsidiary of Sky Group, itself a division of Comcast. Sky News content is delivered through a free-to-air television channel, a radio news service, and online platforms.
Sky News reported on two potential sales involving LRG, formerly Leaders Romans Group. One report, published without a specific date, indicated preparations for a sale worth at least £700 million. LRG, owned by Platinum Equity, is expected to seek buyers later this year. A subsequent report, also without a specific date, stated that LRG is planning an £800 million sale, potentially in response to speculation of a tax increase on homeowners. This auction is anticipated to occur in the coming months.
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