Telegraph Media Group: Anticipated Acquisition

Monday 25th March 2024 Written Statements

[The Secretary of State for Culture, Media and Sport (Lucy Frazer)]

On 19 March, I confirmed to Parliament that, on the basis of assessments by the Competition and Markets Authority and by Ofcom, I am minded to refer the anticipated acquisition of Telegraph Media Group Ltd by RB Investco Ltd to a phase 2 investigation on the grounds of the need for accurate presentation of news and free expression of opinion in newspapers.

I set a deadline of 9 am on Monday 25 March 2024 to allow the parties the opportunity to make representations to me before I reach a final decision.

Further to a request from one of the parties, I have confirmed an extension to that deadline, which will now be 9 am on Tuesday 2 April 2024.

[HCWS374]