The CEO of the British press group Telegraph Media Group, Nick Hugh, left his position on Friday, amid controversy over the possible acquisition of the company by an American-Emirati fund, which worries the British government regarding freedom of expression. press.
“Telegraph Media Group (TMG) and its parent company, Press Acquisitions Limited, announce that Nick Hugh will step down as CEO today (Friday)“the company said in a statement.
Hugh, who had been at the head of the company since 2017, will be replaced by Anna Jones, 48, the first woman to hold this position, who joined the group “as advisor in January 2023″the statement continues.
TMG is one of the most influential British media groups, which includes the conservative daily The Telegraph and the weekly The Spectator.
The British executive announced at the end of November that it would examine the sale process, citing “public interest”, given the prospect of a joint acquisition of the American fund Redbird and the Abu Dhabi media investment fund (IMI).
The Minister of Culture, Lucy Frazer, had already expressed concern about the risks to press freedom of an acquisition by an Emirati fund, which led to an evaluation of the operation by the British competition authority, the CMA, and the media regulator, Ofcom.
Both organizations were due to present their reports to the minister this Friday.
But the British press speculated about a postponement of the date after RedBird/IMI announced this week that it had changed the structure of the company with which it plans to control The Telegraph.
Source: Gestion
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