Foreign states should not be allowed to own more than a 5pc stake in a newspaper even if acting as indirect or passive investors, a Tory peer has said.
Mirror Group, facing phone hacking lawsuits, maintains innocence in Prince Harry s case. Phone hacking by British newspapers has a long history, dating back over two decades. The scandal reached its peak in 2011 with revelations of widespread hacking by Rupert Murdoch s News of the World.
Two thirds of people believe that foreign governments should be banned from owning British newspapers, according to a poll, as ministers order a new investigation into an Abu Dhabi-backed takeover of The Telegraph.
Several Tory MPs have urged the UK government to intervene in the Telegraph takeover deal by UAE-backed investment fund, resulting in the Media Secretary writing a hard-hitting letter to the involved