Early day motion tabled by primary sponsor Richard Caborn (Labour), on Thursday, 10 March 1994, in the House of Commons. It is signed by 108 members in total.

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NEWSPAPER PUBLISHING PLC PURCHASE

That this House notes the bid by a consortium led by Mirror Group Newspapers for control of Newspaper Publishing plc, publishers of The Independent and Independent on Sunday, the primary selling point of which has been their editorial independence; is concerned by the existing concentration of press ownership in Britain; and urges the President of the Board of Trade, as a minimum, if he is minded to give consent to the bid, to impose conditions which preserve the editorial independence of the titles, ensures that Newspaper Publishing plc is not subsumed into Mirror Group Newspapers by ensuring that dealings for the provision of services between Mirror Group Newspapers and Newspaper Publishing are transparent and at arms length and that they are capable of termination, ensure balanced board representation, including a majority of independent directors, and prevent any shareholder from purchasing further shares above the level of 30 per cent. without a further reference to the President of the Board of Trade.

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Secondary information

Type

Early day motion

Reference

812 

Session

1993-94

Subjects

Ownership Newspaper press Takeovers The Independent Mirror Group Newspapers Newspaper Publishing

Link

View this Early day motion on www.parliament.uk