I am repeating the following Written Ministerial Statement made today in the other place by my Right Honourable Friend, the Secretary of State for Culture, Media and Sport, Lucy Frazer KC MP:
On 19 March, I confirmed to Parliament that, on the basis of assessments by the Competition and Markets Authority and by Ofcom, I am minded to refer the anticipated acquisition of Telegraph Media Group Ltd (TMG) by RB Investco Ltd to a Phase 2 investigation on the grounds of the need for accurate presentation of news and free expression of opinion in newspapers.
I set a deadline of 9am on Monday 25 March 2024 to allow the parties the opportunity to make representations to me before I reach a final decision.
Further to a request from one of the Parties, I have confirmed an extension to that deadline, which will now be 9am on Tuesday 2 April 2024.
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