11 March is the fated date on which Ofcom, the media regulatory body from the UK, will release the report concerning the desirability of the acquisition of The Daily Telegraph and The Spectator by an UAE investment fund. In the meantime, the debate between those against the buyout and those supporting it is shaping up...
Former prime minister is latest senior politician to speak out against deal as Ofcom inquirycontinues. Sir John Major has said it is not a “good idea” for the United Arab Emirates-backed takeover of The Telegraph to go ahead. The former prime minister said he did not want newspapers to fall into “autocratic or semi-autocratic hands”....
UAE-backed deal could be disastrous for UK government and freedom of press, opponents say. MPs have attacked the proposed UAE-backed takeover of the Telegraph newspapers, warning that it is impossible to “separate sheikh and state” and calling for further investigations to be launched before the deal “turns into a disaster for the government”. Julia Lopez,...
Lucy Frazer said she is concerned about the potential influence of Abu Dhabi over The Telegraph. Culture Secretary Lucy Frazer has said she is “minded to” open a second investigation into the proposed sale of Telegraph Media Group to Abu Dhabi-backed Redbird IMI. The move was prompted by Redbird IMI making changes to the corporate structure of the potential acquiring entities...
Deal could be referred to Ofcom but some analysts say concerns about foreign influence may be overstated. Shortly after midday on Monday, an email arrived in the inbox of staff at the Daily Telegraph from their editor. “Over the weekend a number of you have asked me questions about the future ownership of the Telegraph,” Chris Evans...