MPs Demand Power to Block Foreign Takeover of UK Press Amid Telegraph Sale

Published on March 6, 2024

More than 100 MPs have demanded veto power for Parliament to block foreign acquisitions of news media outlets as watchdogs are investigating the proposed UAE takeover of the Telegraph and Spectator. MPs from five political parties signed a letter to Culture Secretary Lucy Frazer, calling on the government to back an amendment to the Digital Markets, Competition and Consumers Bill, which will be debated in the House of Lords on Monday next week. The amendment, proposed by a cross-party group of peers, requires parliamentary approval for any acquisition of a news publisher mainly operating in the UK by a foreign power cleared by competition and communications watchdogs. ...

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