UK Government Considers Blocking UAE’s Takeover of The Telegraph
Concerns about foreign government ownership of UK media lead to potential total ban and second investigation by Ofcom.
- UK government is considering blocking the UAE’s takeover of The Telegraph due to concerns about foreign government ownership of UK media.
- Media Minister Julia Lopez suggested a total ban on foreign state ownership of the media could be considered after a decision is made on The Telegraph deal.
- Culture Secretary Lucy Frazer ordered a second investigation by Ofcom, the media regulator, into the takeover after an 11th-hour change to the corporate structure via which RedBird IMI plans to own The Telegraph.
- MPs from across the political spectrum spoke out against the takeover, warning that it risked press freedom and could undercut British democracy.
- A decision on the takeover is not expected for weeks, with Ofcom due to report back by March 11.