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tabling member › label	Biography information for Lord Alton of Liverpool
house id	2
registered interest	false
uin	HL1551
question text	To ask His Majesty%27s Government%2C with reference to the proposed acquisition of Telegraph Media Group %28TMG%29 by RedBird IMI%2C what steps they%C2%A0will take to ensure the editorial independence of TMG%2C%C2%A0given recent reports in the Times%C2%A0about editorial interventions in CNN Business Arabic by International Media Investments%2C the primary investor in RedBird IMI%2C following its guarantees of editorial freedom.

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registered interest

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answering body

answering dept id

answering dept short name

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question text

tabling member printed

uin

answer

is ministerial correction

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and

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answering member printed

grouped question UIN

question first answered

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label

tabling member


label

1682218

registered interest

date

15/01/2024

answering body

Department for Culture, Media and Sport

answering dept id

217

answering dept short name

Culture, Media and Sport

answering dept sort name

Culture, Media and Sport

hansard heading

Telegraph Media Group: RedBird IMI

house id

legislature

25277

pref label	House of Lords

question text

To ask His Majesty's Government, with reference to the proposed acquisition of Telegraph Media Group (TMG) by RedBird IMI, what steps they will take to ensure the editorial independence of TMG, given recent reports in the Times about editorial interventions in CNN Business Arabic by International Media Investments, the primary investor in RedBird IMI, following its guarantees of editorial freedom.

tabling member printed

Lord Alton of Liverpool

uin

HL1551

answer

is ministerial correction

date of answer

29/01/2024

answer text

On 26 January the Secretary of State for Culture, Media and Sport issued a new Public Interest Intervention Notice in respect of the anticipated acquisition of Telegraph Media Group by RB Investco Ltd.This follows Redbird IMI making changes to the corporate structure of the potential acquiring entities of the Telegraph Media Group. This created a new limited partnership which would hold all shares in RB Investco – the proposed purchaser of Telegraph Media Group. The Secretary of State has come to the conclusion that this corporate restructure creates a new relevant merger situation.The Notice triggers a requirement for the Competition and Markets Authority (CMA) to report to the Secretary of State on jurisdictional and competition matters, and for Ofcom to report on the specified media public interest considerations. Ofcom and the CMA have now both launched invitations for public comment, and will report to the Secretary of State on the issues specified in the Notice by 9.00 a.m. on 11 March 2024.The Public Interest Intervention Notice issued on 30 November 2023 in regard to the acquisition of Telegraph Media Group Limited by RedBird IMI Media Joint Venture LLC remains in force. The deadline by when the Secretary of State expects to receive Ofcom and the CMA’s reports in relation to this Notice has also been extended to 9.00 a.m. on 11 March 2024 so as to align with the deadline for the reports she has requested in relation to the new Notice.The Pre-emptive Action Order made on 1 December 2023 remains in force.It would be inappropriate to comment further at this time given this is an ongoing regulatory intervention.

answering member printed

Lord Parkinson of Whitley Bay

grouped question UIN

HL1550
HL1552
HL1554

question first answered

29/01/2024 16:45:28

answering member

4728

label	Biography information for Lord Parkinson of Whitley Bay

tabling member

738

label	Biography information for Lord Alton of Liverpool