Telegraph Media Group: Proposed Sale to RedBird IMI

Baroness Falkner of Margravine Excerpts

Wednesday 31st January 2024 Lords Chamber

[Lord Parkinson of Whitley Bay (Con)]

The Secretary of State is making her decision in a quasi-judicial capacity under the stipulations of the provisions of the Enterprise Act 2002.

[Baroness Falkner of Margravine (CB)]

My Lords, I will not ask the Minister to respond about the Secretary of State’s role, but the Minister will be aware that assurances have been reported in the papers that RedBird IMI would provide an independent advisory board to ensure journalistic independence. Can he tell us his assessment of the word “independent” going alongside “advisory”? Will he contemplate what the impact of that board will be, given that Meta’s advisory board has done nothing to improve Meta’s standing?

[Lord Parkinson of Whitley Bay (Con)]

I hope the noble Baroness will forgive me, but I think it is important that I and other Ministers do not opine on anything while the Secretary of State is making her decision in the capacity she is making it in. As I say, it is important that there should be no perception that she is taking into account any political or presentational considerations. She is, of course, considering all of the relevant information as set out under the Enterprise Act.