"Lisa Nandy emphasizes the necessity of limiting foreign state ownership in UK newspapers to safeguard news media while acknowledging funding challenges faced by news organizations."
"The 15% threshold for foreign ownership seems naive, as significant influence can stem from such a stake, evidenced by examples from BP and media ownership transitions."
Lisa Nandy, the culture secretary, set a 15% ownership limit for foreign state investment in UK newspapers to balance safeguarding media independence and addressing funding needs. Critics argue this limit is insufficient as a 15% stake can grant significant influence over operations, as demonstrated by case studies involving BP and the sale of the Observer. Observing that even a smaller stake, such as 9%, can ensure alignment with editorial values, the article suggests that 15% is dangerously high and could lead to undue foreign influence.
Read at www.theguardian.com
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