UK to ban foreign state ownership of British newspapers ...Middle East

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The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group. The announcement sparked an uproar in British media circles and the UK government quickly opened a formal probe into the sale on public-interest grounds. (File) Stephen Parkinson, a media minister, announced in the upper-chamber House of Lords that the Conservative government would amend proposed legislation so that it “prevents foreign state ownership of newspapers”. Hindustan Times – your fastest source for breaking news! Read now. A government spokesperson added that the move would “deli

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