Get the latest gossip
Jeff Zucker’s Acquisition of U.K. Newspaper Daily Telegraph Likely to Be Blocked by New Legislation
New legislation will ban the ownership of U.K. newspapers and news magazines by foreign governments.
Speaking for the government, culture minister Lord Parkinson said the new law would “rule out newspaper and periodical news magazine mergers involving ownership, influence or control by foreign states.” He added that the ban would not apply to broadcasters. The CMA would then investigate the merger and if it concluded that the deal would result in foreign state ownership, influence or control over a newspaper, the government would be required to block it. Culture secretary Lucy Frazer later issued a notice triggering watchdog inquiries into the potential ownership of The Telegraph by an Abu Dhabi royal from a country with a poor record on press freedom.
Or read this on Variety
