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NY Post
New York Post
13 Mar 2024


NextImg:UK to ban foreign states from owning newspapers in blow to Jeff Zucker’s bid for Telegraph: source

Britain will change the law to ban foreign states from owning, influencing, or controlling British newspapers, a person familiar with the plans said on Wednesday, a move that could threaten the Abu-Dhabi-backed Redbird IMI bid for the Telegraph newspaper.

The government is expected to outline its own amendment at the start of a debate in parliament’s upper House of Lords later on Wednesday that would give ministers the powers to block a deal, the person said.

Britain is seeking to ban foreign states from controlling British newspapers like the Telegraph. Getty Images

The decision comes at a time when Britain is using a separate regulatory process to weigh up whether to allow the bid by Jeff Zucker’s Redbird for the Telegraph.

The battle over one of Britain’s most famous newspapers has raised questions about the independence of the media and the role of foreign investors in acquiring assets that could undermine press freedom.

Jeff Zucker
Jeff Zucker’s Redbird, backed by Abu Dhabi, is seeking to buy the Telegraph. REUTERS

A spokesman for Prime Minister Rishi Sunak said the government would lay out its position in a debate later on Wednesday.