Posted 1/22/2024, 7:11:00 PM
Zucker Attends Sunak Lunch Amid Ofcom Review of Sheikh-Backed Telegraph Bid
- Jeff Zucker, head of RedBird IMI bidding for The Telegraph, attended Conservative Friends of Israel lunch with PM Sunak and Culture Secretary Frazer
- Zucker seeking to navigate Ofcom review of whether takeover bid threatens press freedom
- £450m of £600m purchase funded by Sheikh Mansour bin Zayed Al-Nahyan, owner of Manchester City
- Zucker claims will keep Telegraph editorially independent, proposes "editorial trust" to protect journalistic freedom
- Frazer has quasi-judicial powers over deal, could approve with undertakings or order further Competition and Markets Authority probe