'Elegant solution' for Murray

Nicholas Clee</p><p>
The ranks of independent publishers were feeling lonelier this week after the news that John Murray, the oldest of them and the one held in most affection, had been sold to Hodder Headline.</p><p>
But sadness at the end of an era of nearly 250 years, and at further depletion of the independent sector, was tempered by optimism for the future of the business.</p><p>
No price was put on the deal. Murray's 2002 sales are expected to be in the region of &#163;8m. Its net asset value, including the freehold of its elegant Georgian office in Albemarle Street, is also about...

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