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Not so, says Hollinger. Although earnings at the Telegraph and its Sunday sister are well down on last year, and the papers plan to sack up to 40 editorial staff, they still provide most of the group's profits. "There is no substance at all to the story that the Telegraph is for sale," says Daniel Colson, Hollinger's vice- chairman. Indeed, having stemmed the National Post's losses and booked a good price for the sale of most of its Canadian assets last year, the group has cut its heavy debt burden and is well-placed to look for new projects.
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