Overview
- More than 100 MPs, including former Cabinet ministers, have signed a letter urging the government to support a Lords amendment that would allow Parliament to veto foreign state ownership of UK news media.
- The cross-party effort is aimed at preventing the proposed Abu Dhabi takeover of The Telegraph, with MPs labeling the move a 'dangerous Rubicon' for press freedom.
- Labour is considering backing the amendment, with a debate scheduled ahead of the Lords' discussion on the Digital Markets, Competition and Consumers Bill.
- Concerns over the UAE's human rights record and potential for editorial influence have been raised, with Ofcom and the Competition and Markets Authority currently investigating the takeover.
- The proposed takeover involves a £1.2 billion debt deal by RedBird IMI, partially funded by Abu Dhabi's Sheikh Mansour, with promises of editorial independence.