"An investigation into the proposed 500m takeover of the Telegraph by the owners of the Daily Mail has been ordered by the government on public interest and competition grounds. Culture Secretary Lisa Nandy said she had launched the probe over concerns the deal could affect the "plurality of views" in the UK media. Competition issues will be assessed by the Competition and Markets Authority (CMA), while media regulator Ofcom will look at the public interest impact, Nandy said."
"Daily Mail and General Trust (DMGT) and Telegraph Media Group have been approached for comment. DMGT, whose titles also include the i Paper, the New Scientist and Metro, agreed to buy the Telegraph in November after years of uncertainty over the paper's future owner. When DMGT announced the takeover, it said the Telegraph would remain editorially independent from its other titles."
The government ordered an investigation into the proposed 500m takeover of the Telegraph by the Daily Mail owners on public interest and competition grounds. The probe targets potential effects on plurality of views across UK news media and on the number of persons controlling media enterprises serving different UK audiences. Competition issues will be examined by the Competition and Markets Authority (CMA) and public interest impact will be assessed by Ofcom, with both asked to report by 10 June. DMGT agreed the November purchase after a period of ownership uncertainty following lenders putting the title up for sale and an earlier bidder withdrawing.
Read at www.bbc.com
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