Newspaper Direct Holdings: Acquisitions by State-owned Investors

The Enterprise Act 2002 (Mergers Involving Newspaper Enterprises and Foreign Powers) (No. 2) Regulations 2025, which can be found at www.legislation.gov.uk/uksi/2025/1351/made, were debated and approved by Parliament in December 2025, and came into force on 31 January 2026.

They amended the exceptions for state-owned investors in the foreign state influence regime in the Enterprise Act 2002 to provide that, if a state-owned investor acquires a direct holding of more than 5% of the shares or voting rights in a newspaper—up to a maximum of 15%—they must notify the Secretary of State and publish certain details on a website before the end of a period of 14 days beginning with the date of the relevant acquisition in order to qualify for the exception.

When the regulations were laid before Parliament, I made a written statement, which can be found at https://questions-statements.parliament.uk/written-statements/detail/2025-10-30/hcws1009 that set out the Secretary of State’s commitment to sharing a statement every six months on the details that state-owned investors have published about their investments pursuant to the regulations.

Since 31 January 2026, the Secretary of State has received no notifications of acquisitions resulting in a state-owned investor holding more than 5% in a UK newspaper directly.

The Department for Culture, Media and Sport will continue to publish statements every six months to maintain transparency around state-owned investment in newspapers, and to build public and parliamentary confidence in this regime. The next statement is due in January 2027.

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