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Search resuls for: "Lord Rothermere"


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Jeff Zucker’s re-entry into the global news business has hit a snag. The announcement capped a week of growing outcry in Westminster over Mr. Zucker’s use of roughly $1 billion in Emirati money to acquire the news organizations, which are hugely influential in British conservative politics. Tories lined up to denounce the proposed deal, warning that the Emiratis’ involvement could lead to undue foreign influence over The Telegraph’s coverage. The review, announced by Britain’s culture secretary, does not necessarily end Mr. Zucker’s chance of success. Since then, Conservative Party eminences have lined up to denounce his bid — often in essays published by newspapers controlled by Mr. Zucker’s rivals — and Tory members of Parliament urged regulators to consider the constraints on press freedoms in the Middle East.
Persons: Jeff Zucker’s, Zucker, Zucker’s, Rupert Murdoch, Lord Rothermere, Murdoch, Organizations: CNN, The Daily Telegraph, The Spectator, Tories, The Daily, The, Conservative Party Locations: Westminster
After a series of financial maneuvers, RedBird IMI would assume ownership and management of The Telegraph and The Spectator. Redbird IMI said its Emirati partner would be a passive investor. Mr. Zucker declined to comment, citing the pending negotiations. Mr. Zucker does not plan to oversee day-to-day news coverage, the person said. RedBird IMI is a joint venture between RedBird Capital, a private-equity firm, and a private investment fund that Sheikh Mansour bin Zayed al Nahyan, an Emirati royal, runs.
Persons: Barclay, Rupert Murdoch, Lord Rothermere, Zucker, Sheikh Mansour bin Zayed al Nahyan Organizations: Telegraph, London’s Daily Mail, RedBird IMI, IMI, The Telegraph, RedBird, Conservative, IMI “ Locations: Abu Dhabi, United States, London
A clock face is seen outside of the London offices of the Daily Mail newspaper in London, Britain, April 28, 2018. REUTERS/Toby Melville/File PhotoAug 12 (Reuters) - The Daily Mail and General Trust has registered its interest with British bank Lloyds (LLOY.L) for a potential bid for The Telegraph, a spokesperson told Reuters on Saturday. Individual external investors would be unlikely to own more than 20% of the Telegraph titles if they formed part of a consortium with the Daily Mail proprietor, the report added. Last month, the Telegraph and Spectator appointed investment bank Goldman Sachs (GS.N) and law firm Linklaters to advise on their sale. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Rothermere, Barclay, Goldman Sachs, Linklaters, Kanjyik Ghosh, Giles Elgood Organizations: Daily Mail, REUTERS, General Trust, Lloyds, The Telegraph, Sky News, DMG, Telegraph, Daily, Sunday Telegraph, Spectator, Thomson Locations: London, Britain, Bengaluru
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