Jeremy Wright: Government and Print Advertising

jeremy wright: A final decision will be made by the end of the month, according to The Independent. The announcement, made in the final weeks of Theresa May's government, is potentially embarrassing for the Evening Standard's editor, George Osborne. The culture secretary, Jeremy Wright, said he was minded to order regulators to look into the sale of 30% holdings in the two news outlets by their Russian owner, Evgeny Lebedev, on public interest grounds. Any block on the investment could be financially damaging to the London newspaper, which is struggling due to a collapse in the value of print advertising. The British government stated that it appears a bank controlled by the Saudi Arabian government now owns an indirect stake in both the Evening Standard and the Independent. The company has already announced a round of job cuts. (news.financializer.com). As reported in the news.