Lucy Frazer is Secretary of State for Culture, Media, and Sport (Lucy North/PA)The deal for the Telegraph Media Group would also see the fund take control of fellow publication, The Spectator. In January, the Culture Secretary was forced to launch a fresh intervention after the proposed owner announced a new corporate structure for its takeover. As part of the new process, Ms Frazer asked media regulator Ofcom and competition watchdog, the Competition and Markets Authority (CMA), to hand over the findings of their probes by Monday. Thangam Debbonaire told The Spectator that the view of the party “is that foreign governments should not own national newspapers. “This is a bid by a foreign power, funded by the deputy prime minister of the UAE, and as such this bid should not pass.”
