When Canongate was on the verge of bankruptcy in 1994, Byng, then in his mid-20s, instigated a buyout, aided by his business partner Hugh Andrew, his stepfather (former BBC chairman Sir Christopher Bland) and then father-in-law (co-chairman of the multinational investment bank Salomon Smith Barney).
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He is the second son of the 8th Earl of Strafford and Jennifer May, brother to the author Lady Georgia Byng, and through his stepfather, Sir Christopher Bland, the former Chairman of the BBC, British Telecom and Royal Shakespeare Company, he is the half-brother of print journalist and now Deputy Editor of The Independent newspaper, Archie Bland.
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