Hints and tips:
Related Topics
...One person familiar with the discussions said that Frazer and other departmental colleagues had been talking to Treasury officials about putting together “a strong package” of measures....
...Analysts now expect that Frazer will refer the deal to the CMA for a more in-depth probe, given the scale of public-interest concerns despite undertakings by RedBird IMI over editorial independence....
...Frazer is pushing for the UK’s media bill to be in the King’s Speech next month....
...Ofcom will make recommendations to Frazer by January 26, which will inform her decision to either allow the deal to proceed, order a further phase 2 investigation or block the deal....
...However, Frazer told the Financial Times this year that she was concerned about the extra burden on households from increasing the licence fee amid the cost of living crisis....
...Culture secretary Lucy Frazer is expected to refer the takeover to a “phase 2” investigation. RedBird IMI declined to comment....
...“We are not hanging around,” Frazer said. “It’s very important that we get this right. Football is so important.”...
...Frazer’s decision was widely expected, especially after the plans outlined by the government last week following pressure from MPs and peers....
...Many MPs and media analysts expect Frazer to request a second-phase inquiry by the CMA rather than face the political firestorm of approving the deal....
...Both reports have been filed directly to Lucy Frazer, UK culture secretary, and will only be made public once she has decided whether to allow the deal to proceed or to ask the CMA to carry out a more in-depth...
...RedBird IMI’s bid was already being scrutinised by Ofcom, which was due to present its recommendations to Frazer this week....
...Sunak’s intervention came after two regulators scrutinising RedBird IMI’s takeover of Telegraph Media Group submitted their initial findings to culture secretary Lucy Frazer on Monday....
...Frazer said: “This is a fair deal that provides value for money for the licence fee payer while also ensuring that the BBC can continue to produce world leading content.”...
...Frazer’s concerns were aired in a letter to Lloyds, the Barclay family and RedBird on Wednesday morning....
...Abu Dhabi-backed Redbird IMI faces a months-long investigation into the proposed takeover of the Telegraph Media Group after UK culture secretary Lucy Frazer said that she would ask regulators to scrutinise...
...Culture secretary Lucy Frazer used a regulatory order on Thursday to give Ofcom and the Competition and Markets Authority the chance to vet the deal given concerns over press freedoms....
...Frazer said she had concerns over the potential for influence over the Telegraph editorial operations, pointing to the ownership of IMI by a member of the UAE government....
...Speaking at the FT’s Business of Football Summit last month, culture secretary Lucy Frazer urged the two leagues to reach a deal themselves, and insisted “football should resolve the issues in football”....
...Frazer said: “These measures will help ensure that the high levels of competition and plurality that characterise our production sector, and that have made it so successful, will be maintained.”...
...She praises Frazer, the 12th Tory culture secretary in the past 14 years, as “extremely able”. But their scheduled monthly talks have become almost weekly affairs....
...The amendment presented by the government on Thursday follows the publication of a letter to the bidding vehicle for RedBird IMI detailing the reasons why culture secretary Lucy Frazer is expected to refer...
...Frazer’s decision follows concerns from Conservative MPs over risks to press freedom in the UK from a deal to sell to an investment fund that has the majority of its funding from Abu Dhabi....
...Lucy Frazer, culture secretary, is set to ask regulators this week to scrutinise the deal, using separate powers under the Enterprise Act, according to those close to the situation....
...The Telegraph deal is being investigated by the UK’s culture secretary Lucy Frazer because of concerns that the newspaper would be under the control of Abu Dhabi, which has a poor record on press freedom...
International Edition