The UK government announced on Wednesday its support for legislation that would prohibit foreign state ownership of British newspapers and magazines. This decision could potentially disrupt a planned takeover of the Telegraph Media Group by a consortium led by the United Arab Emirates.
The move follows calls from lawmakers across party lines for a direct ban on foreign state ownership to prevent publications from echoing the views of state actors. The Minister of Media, Stephen Parkinson, confirmed that an amendment will be introduced to the 'Digital Markets, Competition and Consumers Bill' currently progressing through Parliament.
