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Telegraph Media Group: Proposed Sale to RedBird IMI

30 January 2024

Lead MP

Julia Lopez

Debate Type

Ministerial Statement

Tags

Democracy & ElectionsForeign AffairsCulture, Media & SportBusiness & Trade
Other Contributors: 19

At a Glance

Julia Lopez raised concerns about telegraph media group: proposed sale to redbird imi in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

Democracy & ElectionsForeign AffairsCulture, Media & SportBusiness & Trade
Government Statement
I am in the position where I can only provide information that is publicly known regarding the acquisition of Telegraph Media Group by RB Investco Ltd, as the Secretary of State for Culture, Media and Sport has issued a public interest intervention notice. The process involves the Competition and Markets Authority to examine jurisdictional and competition matters and Ofcom for public interest considerations related to media, accurate news presentation, and free expression of opinion. Both reports are due on 11 March, after which the Secretary of State will make a decision without political or presentational concerns influencing her deliberations. I emphasise the importance of media freedom and its role in reflecting diverse views and upholding democratic values.

Shadow Comment

Alicia Kearns
Shadow Comment
I express concern about foreign state ownership, specifically mentioning the purchase by a foreign state. I highlight the lack of protections for media as critical national infrastructure under current legislation. My questions are: if there are precedents worldwide of differing media values nations acquiring newspapers; whether the government will conduct a national security investigation; if their intervention in Vodafone’s sale sets a precedent for this case; and if they plan to extend either Defending Democracy Taskforce or the 17 sectors covered by the National Security and Investment Act to protect media.
Assessment & feedback
Summary accuracy

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