Labour comes out against Emirati bid for Telegraph
This is a big week for the future of the British press with the Department for Culture, Media and Sport and the House of Lords both due to take decisions on the RedBird bid for the Daily Telegraph and The Spectator. Lucy Frazer, the Culture Secretary, will respond to reports she has been given looking at competitive issues. There are none. The real concern is about whether this deal is funded by the government of the United Arab Emirates. It is majority-financed by International Media Investments (IMI) which RedBird says is a private entity that happens to be run by Sheikh Mansour, an Emirati royal and its Deputy Prime Minister, but acting in a private capacity.