In the battle for the future of the
Telegraph
, the British government has crossed a further threshold.
He has just announced his intention to legislate to prevent the takeover of the country's newspapers by foreign states.
A provision which will make it possible, in particular, to block the control of RedBird IMI, a fund largely supported by Abu Dhabi, over the major conservative British daily.
Speaking in the House of Lords, Culture Secretary Stephen Parkinson said the government would make the changes through an amendment currently being considered in Parliament.
“
We will amend the
media acquisition regime
to explicitly exclude sales of newspapers and periodical news magazines involving the ownership, influence or control of foreign states
,”
he said. .
These changes – establishing an “ownership threshold” for foreigners – would de facto block the takeover of the Telegraph by RedBird IMI as…
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