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Euronews

Rory Sullivan

UK to allow foreign states to own 15% stake in British newspapers

United Kingdom Lisa Nandy Culture RedBird IMI

The UK government plans to allow foreign states to own up to a 15% stake in British newspapers and magazines under new media reforms.

The proposed change, which was announced on Thursday, comes a year after the former Conservative government banned foreign newspaper or magazine ownership amid concerns over an Abu Dhabi-led takeover of the Telegraph, one of Britain’s best-known papers.

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