#newspaper-ownership

#newspaper-ownership

That kind of pocket change can buy you a newspaper. And not just any newspaper, but a world-class paper with a wall full of Pulitzers (I remember emerging from the elevator and marveling at it as a summer intern) and decades of experience holding power to account. Alternatively, $250 million can buy half a superyacht. A yacht is a very big boat.

The culture secretary, Lisa Nandy, intends to ask the UK's media and competition watchdogs to examine the proposed 500m takeover of the Telegraph titles by the owner of the Daily Mail. Daily Mail & General Trust (DMGT) agreed a deal in November to buy the titles, in a move that will create a right-leaning publishing powerhouse. Nandy said on Tuesday she was minded to task Ofcom with looking at the impact on media plurality of bringing the Daily