OLD Media News

CMA to investigate Daily Mail’s takeover of newspaper i

The UK’s Competition and Markets Authority (CMA), a government entity that serves as a monopoly watchdog, announced that it will analyze the planned £50m deal by the owners of the Daily Mail and Mail on Sunday to buy rival newspaper the i, according to reports.

Officials at the CMA have started an investigation into the Daily Mail’s takeover of i to determine as to whether there are any potential regulatory issues or not. Both sides were expecting the watchdog’s intervention due to the size and nature of the deal.

CMA will start by launching an “initial enforcement order” where submissions will be received before deciding whether to move on to a formal phase one stage. It is very rare that a phase 2 will be launched.

Daily Mail is an operational big publishing house, whereas, i, launched in 2010, is a small, sister version of the Independent. According to DMGT, the i sells around 170,000 copies each weekday and 190,000 copies on Saturdays.

Mariam Ahmed

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

13 hours ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

13 hours ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

13 hours ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

14 hours ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

14 hours ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

14 hours ago