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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

UK minister intends to refer Barclay family’s offer for Telegraph to Ofcom

Barclay Ofcom Lucy Frazer RedBird IMI
Daily Telegraph newspapers
The culture secretary has 10 working days to make a final decision on whether to refer the offer for Telegraph Media Group to Ofcom. Photograph: Martin Godwin/The Guardian

The culture secretary intends to ask the media watchdog to examine the Barclay family’s proposed deal to hand control of the Telegraph and the Spectator magazine to a consortium backed by the UAE on public interest grounds.

Lucy Frazer said on Wednesday she was “minded to” call in Ofcom to look at the investment fund’s plans to take over the titles in exchange for repaying £1.15bn of the family’s debts to Lloyds Banking Group.

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