Telegraph Media Group: Proposed Sale to RedBird IMI Debate

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Department: Department for Digital, Culture, Media & Sport

Telegraph Media Group: Proposed Sale to RedBird IMI

Neil O'Brien Excerpts
Tuesday 30th January 2024

(2 months, 4 weeks ago)

Commons Chamber
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Julia Lopez Portrait Julia Lopez
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We are looking at how we regulate online content alongside standard broadcasting and other media output. One outcome of the mid-term review is that some of the BBC’s online material will be considered in the same way as its other output. Those are all questions that the Department is looking into to ensure that media regulation and legislation are fit for what is a rapidly changing media landscape.

Neil O'Brien Portrait Neil O’Brien (Harborough) (Con)
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It is clear that paying off the debt means that RedBird IMI has control over the titles. Indeed, it has already transferred the ownership of that debt to a new UK entity. Should not the Secretary of State also issue a PIIN on the debt to ensure that she retains control of the situation?