UK Moves to Ban Foreign State Ownership of Newspapers Amid UAE Takeover Bid
In response to a controversial bid by a UAE-backed fund for The Telegraph, the UK government plans to amend laws to prohibit foreign state ownership of British newspapers.
- The UK government is set to back legislation that would ban foreign state ownership of British newspapers, targeting a UAE-led consortium's takeover of the Telegraph Media Group.
- The proposed law change follows widespread concern over press freedom and the influence of foreign governments on UK media.
- More than 100 MPs have opposed the takeover, citing risks to the independence of the press.
- The UAE-backed fund, RedBird IMI, expresses disappointment and is evaluating its next steps amid the proposed legal amendments.
- The move aims to protect the integrity of the UK's press, seen as a cornerstone of democracy, from potential foreign government control.