Post by account_disabled on Mar 13, 2024 3:58:33 GMT
Anonymous sources, cited by Bloomberg, reveal that British concerns about foreign management of an iconic British news institution. The deal, involving News Corp, Daily Mail General Trust (DMGT) and RedBird IMI, could lead to a reduced stake for RedBird IMI, possibly as low as 25%, in a bid to reassure both policymakers and British politicians. The Barclay family, previously owners of TMG, put the media group up for sale last year, paving the way for various offers, including those from DMGT, Murdoch and Marshall.
However, the presence of Abu Dhabi-backed RedBird IMI UAE Phone Number has raised controversy and calls for investigations into its involvement. ACCUMULATED DEBT Investment fund RedBird IMI, led by former CNN boss Jeff Zucker, proposed a £600 million deal to take control of TMG from the Barclay family, which had accumulated £ 1.6 billion in debt . His intention to fully own the group, including The Daily Telegraph, The Sunday Telegraph and The Spectator, has raised concerns about foreign influence in the British media industry.
REPORTS TO THE SECRETARY Investigations by Britain's competition watchdog and Ofcom resulted in reports handed to media secretary Lucy Frazer. The latter, in a quasi-judicial capacity, will have to decide whether or not to approve the operation, taking into consideration the public interest. Meanwhile, Prime Minister Rishi Sunak could table an amendment to legislation in parliament to make it harder for foreign states to take interests in the British media industry. The combined interest of Murdoch and Harmsworth could raise further questions about competition in the British media market.
However, the presence of Abu Dhabi-backed RedBird IMI UAE Phone Number has raised controversy and calls for investigations into its involvement. ACCUMULATED DEBT Investment fund RedBird IMI, led by former CNN boss Jeff Zucker, proposed a £600 million deal to take control of TMG from the Barclay family, which had accumulated £ 1.6 billion in debt . His intention to fully own the group, including The Daily Telegraph, The Sunday Telegraph and The Spectator, has raised concerns about foreign influence in the British media industry.
REPORTS TO THE SECRETARY Investigations by Britain's competition watchdog and Ofcom resulted in reports handed to media secretary Lucy Frazer. The latter, in a quasi-judicial capacity, will have to decide whether or not to approve the operation, taking into consideration the public interest. Meanwhile, Prime Minister Rishi Sunak could table an amendment to legislation in parliament to make it harder for foreign states to take interests in the British media industry. The combined interest of Murdoch and Harmsworth could raise further questions about competition in the British media market.