The billionaire Barclay brothers have put the Daily and Sunday Telegraph newspapers up for sale as they review their family empire. Aidan and Howard Barclay, are reportedly evaluating the family’s businesses on behalf of their father Sir David Barclay and his identical twin Sir Frederick, who also own The Spectator magazine. The Daily and Sunday Telegraph, which the wealthy 84-year-old brothers have owned since 2004, have been put on the market after months of speculation, according to The Times.

Daily Mail and General Trust and the owner of the Evening Standard and The Independent newspapers are among potential buyers, the report said. The Spectator magazine, also owned by the Barclays, is not part of the review.

According to The Times the review is done by the Barclays as they realize that the family is no longer united as it has grown and expanded too big. And also there is a generational shift which forces them to give up the newspapers in U.K   .“The family has got a lot bigger over the last three decades. Interests are no longer aligned in the way they once were,” The Times reported, citing a senior executive close to the Barclays.

Insiders told the Times that slimming down the portfolio of investments will generate capital to allow the “buyout” of some family members.

Earlier this month, sources told Reuters that David and Frederick Barclay, owners of one of the world’s most prestigious hotels, The Ritz London, hinted at selling the establishment for $1 billion.

The Daily Telegraph is a national  British broadsheet newspaper published in London by the Telegraph Media Group. This prestigious title have created many strong editorials and is considered as the mouthpiece of the people.