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Telegraph takeover by Daily Mail owner presented to ministers
Yahoo Finance· 2025-12-16 08:13
Group 1 - The Abu Dhabi-backed bidder, RedBird IMI, has made an official application to sell its interest in The Telegraph after two failed takeover attempts, marking a significant step towards resolving ongoing uncertainty since June 2023 [1][5] - DMGT, the publisher of The Daily Mail, plans to acquire The Telegraph for £500 million, funded by new lending from NatWest [2] - The acquisition will involve an initial payment of £400 million, followed by £100 million within two years, with DMGT also scheduled to refinance existing debt by 2027 [3] Group 2 - DMGT aims to provide stability for Telegraph Media Group employees after a prolonged period of uncertainty following the loss of control by the Barclay family to Lloyds Banking Group due to an overdue loan of £1.2 billion [4][5] - RedBird IMI, primarily funded by Sheikh Mansour bin Zayed Al Nahyan, intervened in December 2023 to help settle the Barclay family's debt [6] - The initial takeover attempt by RedBird IMI faced legal challenges due to new laws against foreign state ownership of newspapers, which were introduced following concerns over press freedom [7] Group 3 - Gerry Cardinale, the chief of RedBird, has been leading a renewed effort to take control, seeking to form a consortium that includes Lord Rothermere and Sir Leonard Blavatnik as minority shareholders [8]
X @Bloomberg
Bloomberg· 2025-12-14 11:35
Italy’s foreign minister said the Agnelli family’s Gedi Gruppo Editoriale media company should stay in Italian hands to safeguard press freedom, as sale talks continue with Greece’s Antenna Group https://t.co/QMQUIlxf9n ...
X @Elon Musk
Elon Musk· 2025-12-07 22:25
RT Natalie F Danelishen (@Chesschick01)Seeing so many people from the EU share this post.It's only about press freedom. It doesn't say anything about free speech for the individual.It DOES NOT COVER:-Whether ordinary citizens can post memes, insults, or controversial opinions online without punishment-Hate speech laws applied to private individuals-Arrests or fines for “offensive” social media posts-Restrictions on speech that isn’t journalistic (e.g., Holocaust denial, racial slurs, incitement)-Platform co ...
New York Times sues Defense Sec. Pete Hegseth over restrictive Pentagon media rules
CNBC· 2025-12-04 19:50
Core Viewpoint - The New York Times has filed a lawsuit against the Pentagon, claiming that new restrictions on reporters violate the First Amendment's free press protections [4][5]. Group 1: Lawsuit Details - The lawsuit challenges a 21-page rulebook presented by the Pentagon that restricts journalists from seeking or publishing unapproved information, even if it is unclassified [3]. - The Times seeks a court ruling to block the enforcement of these rules and to declare them unconstitutional [4]. - The lawsuit argues that the policy limits journalists' ability to gather information and report on government activities, which is essential for public knowledge [4][5]. Group 2: Background and Context - The lawsuit follows a significant walkout by reporters from The Times and other major news outlets, who surrendered their Pentagon credentials in protest of the new rules [2]. - The Pentagon's media rules are part of a broader initiative by Secretary Pete Hegseth to reshape the press corps, including stripping national outlets of workspace and reallocating offices to conservative media [6]. - Press-freedom advocates argue that the new policy gives the Pentagon excessive authority to revoke press access based on the content of stories pursued by journalists [7][8].
'Outrageous': Morning Joe slams Pentagon's new restrictions on reporters
MSNBC· 2025-09-22 15:14
Government Oversight & Media Independence - The report highlights concerns that a Pentagon order seeks to transform reporters into press agents for the Department of Defense [1] - The order is viewed as contrary to the press's role in uncovering waste, mismanagement, and issues affecting soldiers [2] - The report suggests the order represents an outrageous expansion of power by the Department of Defense [3] - The media industry asserts that journalists will not comply with restrictions that limit them to reporting only what the government approves [3] - The report emphasizes the importance of responsible news organizations vetting classified material separately [3] Scandal & Abuse of Power - The report characterizes the situation as an enormous scandal that would typically be front-page news [4] - The report suggests the scandal is overshadowed by numerous other abuses of power occurring simultaneously [4][5] - The report claims the state is attempting to merge with other functions, hindering opposition [5] - The report indicates a point of no return has been reached regarding the issues discussed [6]
Paramount infighting stalls Shari Redstone's push to settle $20B Trump suit: ‘Decision constipation'
New York Post· 2025-05-21 23:40
Core Viewpoint - Paramount, controlled by Shari Redstone, is considering a settlement in a legal dispute with President Trump over alleged deceptive editing of a "60 Minutes" interview, but internal conflicts are delaying the decision [1][3][6]. Financial Implications - Paramount is reportedly willing to spend up to $50 million to settle the $20 billion lawsuit filed by Trump, which is affecting Redstone's plans to sell Paramount and its CBS News subsidiary to Skydance for $8 billion [2][17]. - If the sale goes through, Redstone and her family could receive approximately $2 billion, a significant drop from Paramount's previous valuation of nearly $40 billion [20]. Internal Conflicts - Infighting within Paramount has led to indecision regarding the settlement, with management and board members experiencing "decision constipation" due to conflicting advice [5][11]. - There is significant internal pressure against settling, with some arguing that it would undermine press freedom and be seen as capitulating to Trump's demands [6][7][10]. Legal Context - The Trump lawsuit is viewed as a critical factor in facilitating Redstone's planned sale to Skydance, as regulatory challenges from Trump's administration are complicating the merger [17][18]. - A federal judge has refused to dismiss the case, and even a potential victory on First Amendment grounds could incur costs exceeding $50 million in legal fees [13][19]. Industry Reactions - Prominent figures, including Senator Bernie Sanders, have publicly urged Redstone not to settle, framing the lawsuit as an attack on press freedom [10]. - Settling with Trump would align Paramount with other media companies that have previously paid him to resolve legal disputes [19].