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UAE given more time to offer concessions in Telegraph bid
9 months ago

UAE given more time to offer concessions in Telegraph bid

The Telegraph  

The Abu Dhabi fund bidding for The Telegraph has been granted more time to make concessions to the Government amid concerns about the impact of the deal on press freedom. Culture Secretary Lucy Frazer last week said she was “minded to” refer the planned takeover of the Telegraph by RedBird IMI to an in-depth investigation by the Competition and Markets …

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UAE-backed Telegraph takeover potentially against public interest, Ofcom warns Culture Secretary
9 months ago

UAE-backed Telegraph takeover potentially against public interest, Ofcom warns Culture Secretary

The Telegraph  

A UAE-backed takeover of the Telegraph would potentially be against the public interest, the media regulator Ofcom has warned the Culture Secretary. “In particular, they consider that International Media Investments, a majority partner in RB Investco’s parent company, may have the incentive to influence TMG in a way that could potentially act against the public interest in the UK by …

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Ban on foreign state ownership of UK newspapers effectively halts UAE takeover of Telegraph
9 months, 1 week ago

Ban on foreign state ownership of UK newspapers effectively halts UAE takeover of Telegraph

The Telegraph  

Foreign state control of British newspapers is to be outlawed, effectively blocking the UAE’s attempted takeover of The Telegraph. The amendment is yet to be published and it remains unclear what percentage of foreign state ownership would amount to “influence” under the proposed change. Lord Parkinson said the amount of overall ownership by a foreign state entity, such as a …

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More than 100 MPs back calls to block sale of Telegraph to UAE-funded firm
9 months, 2 weeks ago

More than 100 MPs back calls to block sale of Telegraph to UAE-funded firm

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. A letter signed by the cross-party group of MPs, sent …

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UAE pledges unmatchable investment in The Telegraph
10 months, 1 week ago

UAE pledges unmatchable investment in The Telegraph

The Telegraph  

Despite its wealth, senior editorial managers and writers have raised concerns over the involvement of IMI, which is effectively an arm of the state. Mr Raad, a former CNN executive and close ally of Jeff Zucker, the head of RedBird IMI, again set out undertakings which they argue will protect The Telegraph from any UAE interference. Mr Raad said that …

Telegraph Imi Mr Raad Editorial Trust
Culture Secretary vows to protect press freedom amid Telegraph takeover review
10 months, 2 weeks ago

Culture Secretary vows to protect press freedom amid Telegraph takeover review

The Telegraph  

The Culture Secretary has vowed to do “everything possible” to protect press freedom amid a review into a planned UAE-backed takeover of The Telegraph. “Journalism that is free and without favour really matters.” The comments come amid growing concerns about the prospect of a UAE takeover of The Telegraph and its impact on press freedom. However, media minister Julia Lopez …

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Oliver Dowden to meet lieutenant of UAE power broker overseeing Telegraph takeover
10 months, 3 weeks ago

Oliver Dowden to meet lieutenant of UAE power broker overseeing Telegraph takeover

The Telegraph  

The Deputy Prime Minister is to meet a senior lieutenant of the UAE power broker overseeing the attempted UAE takeover of The Telegraph, it has emerged. The meetings will include one on Thursday with Mohamed Jameel Al Ramahi, the chief executive of Abu Dhabi Future Energy Company, the Cabinet Office said. He reports to chairman Sultan Al Jaber, a powerful …

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Cross-party group of MPs tell minister of concerns over UAE-backed takeover of The Telegraph
11 months ago

Cross-party group of MPs tell minister of concerns over UAE-backed takeover of The Telegraph

The Telegraph  

A cross-party group of more than 20 MPs and peers has written to the Culture Secretary expressing their deep concern at the prospect of The Telegraph being taken over by a United Arab Emirates-backed fund. They have urged Lucy Frazer to refer the proposed takeover to the Competition and Markets Authority for a so-called Phase Two review, to ensure that …

Telegraph Redbird Imi Ms Frazer
The man who could play the deciding role in The Telegraph’s fate
1 year ago

The man who could play the deciding role in The Telegraph’s fate

The Telegraph  

As Tory concerns mount over a looming Abu Dhabi-backed takeover of The Telegraph, attention is turning to Oliver Dowden. While Culture Secretary Lucy Frazer has official responsibility for overseeing the sale, MPs are now pressing Mr Dowden to intervene under his national security mandate. The sweeping laws came into force last year amid concerns the UK’s approach to foreign takeovers …

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