Oldest newspaper on block?

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Lloyd's of London says it is considering selling its publishing arm, Lloyd's of London Press, which produces the daily shipping and insurance newspaper Lloyd's List, founded in 1734. Lloyd's says Lloyd's List is the world's oldest daily newspaper. The publishing arm, which also owns a large stable of business magazines, has a book value of $85 million, according to Lloyd's. Among those considered in London to be potential buyers are Anglo-Dutch publishing group Reed Elsevier, U.K. media group Emap, and Pearson, owner of the Financial Times London. A management buyout is another possibility.

Copyright August 1995, Crain Communications Inc.

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