The UK government plans to introduce legislation that would prevent foreign governments owning UK newspapers and magazines in a move that could scupper the planned 600m sale of the Telegraph to a UAE-backed consortium.
However, the planned takeover has been fiercely opposed by many Tory MPs and peers who have raised concerns about the UAE, which provides the financial backing for 75% of Redbird IMI, and which has been criticised in the past for its record on press freedom.
[
add
]
[
|
|
...
]