On Monday, September 16, Ofcom decided that Evgeny Lebedev, the billionaire owner of several United Kingdom newspapers and other assets, will not be additionally investigated over his sale to a Saudi investor of stakes in two of his publications.
The Russian-British businessman had been embroiled in a protracted dispute with the UK government over the sale of parts of The Independent and the Evening Standard newspapers, with the UK claiming partial Saudi ownership may influence editorial freedom. Media regulator the Office of Communications, which is also known as Ofcom, stated it could find no evidence of any meddling at the papers following the investment from Sultan Mohamed Abuljadayel.
Ofcom stated no additional investigation was needed. It had been considering referring the matter to the Competition and Markets Authority.
Full Content: China Daily
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI