Part 3Mergers
F1Chapter 3AMergers involving newspaper enterprises and foreign powers
70CIntervention to prevent foreign control of a newspaper enterprise
(1)
Subsection (2) applies where the Secretary of State has received a report under section 70B stating that the CMA believes that—
(a)
a foreign state newspaper merger situation has been created, or
(b)
arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a foreign state newspaper merger situation.
(2)
The Secretary of State must make an order containing such provision as the Secretary of State considers reasonable and practicable for the purposes of reversing or preventing the creation of the foreign state newspaper merger situation identified in the report.
(3)
An order under subsection (2) may contain—
(a)
anything permitted by Schedule 8 (provision that may be contained in certain enforcement orders), and
(b)
such supplementary, consequential or incidental provision as the Secretary of State considers appropriate.
(4)
An order under subsection (2)—
(a)
comes into force at such time as is determined by or under the order, and
(b)
may be varied or revoked by another order.
(5)
Paragraph 2 of Schedule 7 (enforcement regime for public interest and special public interest cases: order for the purposes of preventing pre-emptive action)—
(a)
applies in relation to a foreign state intervention notice as it applies in relation to an intervention notice, and
(b)
for this purpose, is to be read as if—
(i)
sub-paragraph (10) were omitted;
(ii)
“(12)
In this paragraph “pre-emptive action” means action which might prejudice a foreign state intervention notice or a report under section 70B, or might impede the taking of any action under this Part in relation to such a notice or report”.