The UK government intends to reform media ownership laws by permitting foreign states to acquire up to a 15% stake in British newspapers and magazines. This marks a shift from a previous Conservative ban influenced by concerns over foreign influence following an attempted Abu Dhabi-led takeover of the Telegraph. The Labour government argues this cap will facilitate investment while controlling state influence. Changes will extend media merger regulations to online publications, benefiting news organizations needing funding while maintaining safeguards against foreign dominance in the UK's media landscape.
Britain's free and independent press is a national asset like no other and it is right that we have strong measures in place to allow scrutiny of UK takeovers that might go against the public interest.
We are fully upholding the need to safeguard our news media from foreign state control whilst recognising that news organisations must be able to raise vital funding.
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