Journalist who made millions dies


Journalist Lionel Pickering, the former chairman of Derby County who made his fortune after founding one of the UK’s first free newspapers, the Derby Trader, has died.

The 74-year-old died at Derbyshire Royal Infirmary on Saturday after a long illness.

He had begun his career as a sports journalist at the Derby Evening Telegraph in the early 1960s, and went on to launch the Derby Trader, initially writing, designing and publishing the paper himself after returning from Australia with the concept of the free title.

He eventually sold the publication and its sister titles to the Thomson Corporation for £25 million.

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