Dubai, UAE - An article in The Telegraph alleging that Hizbollah is stockpiling Iranian weapons at Beirut International Airport (BIA) has ignited controversy and backlash in Lebanon, with officials and the public denouncing the claims as unfounded and dangerous. The unsigned report, which relied on anonymous sources, has been criticized...
UK to ban foreign state ownership of British newspapers
London, United Kingdom--The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group. Stephen Parkinson, a media minister, announced in the upper-chamber House of Lords that the Conservative government would amend proposed...Telegraph boss quits as UK investigates UAE-backed takeover
London, United Kingdom - The head of Britain's Telegraph Media Group has stepped down, the company announced on Friday, as the government probes its contentious proposed takeover by a United Arab Emirates-backed fund. TMG and parent company Press Acquisitions Limited said that chief executive officer Nick Hugh, in the post since...
Abu Dhabi-backed fund takeover of Telegraph triggers UK probe into sale
Dubai, UAE--The UK government has ordered a formal probe into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund. The investment fund, RedBird IMI, disclosed earlier this month that it was set to take control of The Daily and Sunday Telegraph sister newspapers and The...Barclay family seeks Telegraph control with UAE investor support: report
Dubai, UAE - The Barclay family is reportedly making a bid to regain control of the Telegraph newspaper group. Months after relinquishing ownership due to financial struggles, the family is said to be enlisting support from investors based in the United Arab Emirates (UAE) to facilitate their comeback, Guardian newspaper...
