Green leader throws weight behind Media Sovereignty Act campaign to stop press barons “literally buying democracy”
Green leader Zack Polanski has backed a campaign for a fundamental overhaul of Britain’s media ownership, in order to prevent billionaires buying newspapers in order to “literally buy democracy”.
Polanski threw his weight behind the ‘Media Sovereignty Act’ campaign in a speech at Green Gathering festival in Chepstow (Wales) earlier this month.
The petition promoted by the Green Party of England & Wales leader calls on the Government to “pass [a] law to ban foreign and offshore ownership of UK media” and enact a social-media levy to “distribute media ownership across society & fund independent, local and cooperative-owned media”.
…
Such an act would mark the biggest shake-up of media law in generations – and would conceivably force sell-offs of most national newspapers.
That includes the (now German-owned) Telegraph, the Mail group (owned by non-dom Lord Rothermere and structured through offshore trusts), as well as the Independent which is part-owned by Saudis, local news giant Newsquest (owned by the US holding company USA Today Co) and the Financial Times (owned by Japan’s Nikkei).
It is not clear if it would apply to listed firms which have some foreign shareholders such as Mirror and Express publisher Reach PLC, part-owned by Swiss firm Lombard Odier Asset Management and Boston-based Fidelity.
Polanski told a panel at the festival: “Billionaires should not be able to have a monopoly on our free press.”
He criticised the “billionaire media” repeatedly, adding that Britain needed “a free press for a free country”.
…
