Summary
New laws will allow foreign states to own up to 15% of British newspapers and news magazines, following a previous ban after the Abu Dhabi-backed takeover bid of the Telegraph and the Spectator. The change, announced by Culture Secretary Lisa Nandy, will enable State Owned Investors (SOIs) like sovereign wealth funds to invest in UK media, aiming to protect “media plurality” and assist struggling publishers in securing vital funding. This policy shift responds to concerns raised by parliamentarians regarding foreign ownership in the UK media landscape.
