UK plans legislation banning foreign governments from owning British newspapers, impacting Redbird IMI's Telegraph bid.

The UK government plans to introduce legislation banning foreign governments from owning British newspapers, a move that could impact the Abu Dhabi-backed Redbird IMI's bid for the Telegraph newspaper. This decision comes amid concerns over media independence and the potential impact of foreign investment on press freedom. The proposed amendment will grant ministers the power to block deals, with an announcement expected in the House of Lords.

March 13, 2024
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