LONDON: Britain plans to allow foreign state-owned investors to own up to 15 percent of British newspaper publishers, the government said on Thursday, as part of media reforms that could end long-running uncertainty over ownership of the Telegraph newspaper.
The government will also expand its powers to scrutinize media mergers to include news websites and news magazines.
“These important, modernizing reforms are about protecting media plurality and reflect the changing ways in which people are consuming news,” Culture Secretary Lisa Nandy said.
“We are fully upholding the need to safeguard our news media from foreign state control whilst recognizing that news organizations must be able to raise vital funding.”
The ownership of the Telegraph, one of Britain’s best known newspapers, has raised questions about the independence of the media and foreign states buying political influence.
The government said “targeted exceptions” allowing certain sovereign wealth funds or pension funds to invest up to 15 percent in British newspaper and periodicals would help sustain the titles while also limiting any foreign influence in media.
The government does not plan to exempt debt financing, but warned that if a foreign power gains control through a default, it could trigger a ministerial intervention under existing rules.
Britain’s previous Conservative government last year banned foreign state investment in British newspapers, blocking RedBird IMI, run by former CNN boss Jeff Zucker and with the majority of its funding from Abu Dhabi, from owning the Telegraph.
Abu Dhabi-backed RedBird IMI took control of the Telegraph titles and the Spectator magazine in 2023 when it helped repay the Barclay family’s 1.2 billion pound ($1.6 billion) debt to Lloyds Bank.
It put the titles up for sale nearly a year ago. The Spectator was sold to hedge fund founder Paul Marshall in September, but the Telegraph has not found a buyer.
The 15 percent cap would allow Abu Dhabi to retain some ownership of the paper.
UK to allow foreign states to own a 15 percent stake in newspapers
https://arab.news/rp63w
UK to allow foreign states to own a 15 percent stake in newspapers
- Proposed media reforms could resolve the long-standing uncertainty surrounding the ownership of the Telegraph newspaper
- In 2023, Abu Dhabi-backed RedBird IMI assumed control of the Telegraph titles and The Spectator by helping repay the Barclay family’s £1.2 billion debt
Israel says ban on Gaza media access should stay: court document
- Israeli authorities have told the Supreme Court that a ban on international media access to Gaza should remain in place, arguing it is necessary for security reasons
JERUSALEM: Israeli authorities have told the Supreme Court that a ban on international media access to Gaza should remain in place, arguing it is necessary for security reasons, according to a government submission filed by the public prosecutor.
Since the outbreak of the Gaza war in October 2023, Israeli authorities have barred foreign journalists from independently entering the devastated territory.
Instead, Israel has allowed only a limited number of reporters to enter Gaza on a case-by-case basis, embedded with its military forces inside the blockaded territory.
The Foreign Press Association (FPA), which represents hundreds of foreign journalists working in Israel and the Palestinian territories, filed a petition with the Supreme Court in 2024 seeking immediate and unrestricted access for international media to the Gaza Strip.
Since then the court has given several extensions to the Israeli authorities to come up with a plan, but at a hearing last month it set January 4 as a final deadline.
Late on Sunday, the Israeli authorities filed their response with the court, a copy of which was obtained by AFP.
In the submission, the government said the ban on media access to Gaza should continue, citing security risks in the territory.
“Even at this time, entry of journalists into the Gaza Strip without escort, as requested in the petition, should not be permitted,” said the government submission.
“This is for security reasons, based on the position of the defense establishment, which maintains that a security risk associated with such entry still exists.”
The Israeli authorities said the ceasefire in Gaza, which came into effect on October 10, continues to face regular threats.
At least 420 Palestinians have been killed in Gaza by Israeli forces since the ceasefire took effect, according to Gaza’s health ministry.
The Israeli military said three of its soldiers have also been killed by militants during the same period.
The Israeli authorities said in their submission that the search for the remains of the last hostage held in Gaza is ongoing, suggesting that allowing journalists into the territory at this stage could hinder the operation.
The remains of Ran Gvili, whose body was taken to Gaza after he was killed during the Hamas attack on October 7, 2023, have still not been recovered despite the ceasefire.
All other 250 hostages seized on that day — both the living and the deceased — have been returned to Israel.
The Supreme Court is expected to issue a ruling on the matter, though it is unclear when a decision will be handed down.
An AFP journalist sits on the board of the FPA.
