House of Commons · Written Ministerial Statement
Media Update
24 January 2024 · Department for Culture, Media and Sport
Proposed by Lucy Frazer Con South East Cambridgeshire
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Minister Lucy Frazer issued a Written Ministerial Statement on 2024-01-24 regarding concerns over a potential acquisition of Telegraph Media Group by RedBird IMI.
- A 'minded to' Public Interest Intervention Notice has been issued to the solicitors for the Barclay family and RedBird IMI.
- Parties involved are required to respond by January 25th, after which further investigation may proceed based on received representations.
Issue summary
The Minister is addressing concerns about a potential acquisition of Telegraph Media Group by RedBird IMI and its impact on public interest, particularly regarding accurate news presentation and free expression.
Action requested
A 'minded to' Public Interest Intervention Notice has been issued to solicitors for the Barclay family and RedBird IMI, with parties required to respond by January 25th. Further investigation may proceed based on representations received.
Key facts
- The new Relevant Merger Situation was created at a very late stage in the process.
- Section 58 of the Enterprise Act 2002 is specified as grounds for intervention.
- Parties have until 9am on Thursday, January 25th to respond to the 'minded to' letter.
- The Public Interest Intervention Notice and Pre-emptive Action Order from November remain in force.