Newspaper article The Journal (Newcastle, England)

Media Watchdog to REVIEWTRINITY Mirror Deal

Newspaper article The Journal (Newcastle, England)

Media Watchdog to REVIEWTRINITY Mirror Deal

Article excerpt

JOURNAL owner Trinity Mirror's PS126.7m deal to buy titles including the Daily Express and the Daily Star has been referred to Britain's media watchdog after the Government intervened on the grounds of public interest.

Culture Secretary Matt Hancock confirmed he was stepping in amid concerns over editorial decisionmaking and independence, as well as the reduction in the number of views in newspapers.

His move to intervene in Trinity's plans to snap up a string of titles from Richard Desmond's media empire means the deal has now been referred to Ofcom to review the public interest considerations, while the Competition and Markets Authority (CMA) must also report on jurisdiction and competition issues.

The two watchdogs have until May 31 to report back, after which Mr Hancock will decide whether to refer the takeover for an in-depth investigation or accept moves to address concerns.

In a statement to the Commons, the minister said: "I invited written representations from the parties by 26 April and, having considered these, I have written to the parties today confirming my decision to issue a Public Interest Intervention Notice. …

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