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No Challenge to Telegraph Deal by UK Government

News, 19 August 2004


UK trade and industry secretary Patricia Hewitt has reviewed the recent £665 million ($1.2bn; €985m) takeover of the Telegraph Group by the Barclay brothers and concluded she does not need to instigate a public interest challenge.

Should Hewitt have deemed it necessary to intervene, the sale would have been referred to media regulator Ofcom, which recently forecast public interest approval for the acquisition [WAMN: 12-Aug-04].

The deal is also being considered by industry watchdog the Office of Fair Trading to determine whether a review is required on competition grounds. The OFT has invited third parties to submit comments by August 27.

Data sourced from: mad.co.uk and Telegraph.co.uk; additional content by WARC staff