The pledge was outlined this afternoon in the House of Lords in an amendment to the Digital Markets Act’s third reading, which is presently passing through Parliament.
Lord Parkinson, the minister for culture, stated: “We will amend the media merger regime explicitly to rule out newspaper and periodical news magazine mergers involving ownership, influence or control by foreign states.”
He continued: “Under the new measures the secretary of state would be obliged to refer media merger cases to the Competition and Markets Authority (CMA) through a new foreign state intervention notice.”
