state ownership

Leaders of the party were instrumental in persuading government officials to advance legislation to bar foreign state ownership of British newspapers and newsmagazines, a maneuver that effectively mooted Mr. Zucker’s bid.

Last month the government said it was bringing forward legislation to block foreign state ownership of British newspapers and magazines.

An audacious effort by the American media executive Jeff Zucker and his Emirati backers to acquire London’s Daily Telegraph appeared to be on life support on Wednesday after the British government advanced legislation that would bar foreign state ownership of newspapers and newsmagazines.

On Wednesday, in the House of Lords, Stephen Parkinson, a minister for culture communications and creative industries, promised to bring forward an amendment to legislation that would prevent foreign state ownership of news publications.

These state schools are owned and maintained by the private sector during the contract, until taxpayers' money has repaid the debt and the buildings go into state ownership.