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Fair Trading Act 1973
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Changes over time for: Section 58
Version Superseded: 29/12/2003
Alternative versions:
- 01/02/1991- Amendment
- 13/06/1995- Amendment
- 01/12/2001
Point in time - 29/12/2003- Amendment
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58 Prohibition of certain newspaper mergers.U.K.
(1)Subject to the following provisions of this section, a transfer of a newspaper or of newspaper assets to a newspaper proprietor whose newspapers have an average circulation per day of publication amounting, together with that of the newspaper concerned in the transfer, to 500,000 or more copies shall be unlawful and void, unless the transfer is made with written consent given (conditionally or unconditionally) by the Secretary of State.
(2)Except as provided by subsections (3) and (4) of this section and by section 60(3) of this Act, the consent of the Secretary of State under the preceding subsection shall not be given in respect of a transfer until after the Secretary of State has received a report on the matter from the Commission.
(3)Where the Secretary of State is satisfied that the newspaper concerned in the transfer is not economic as a going concern and as a separate newspaper, then—
(a)if he is also satisfied that, if the newspaper is to continue as a separate newspaper, the case is one of urgency, he may give his consent to the transfer without requiring a report from the Commission under this section;
(b)if he is satisfied that the newspaper is not intended to continue as a separate newspaper, he shall give his consent to the transfer, and shall give it unconditionally, without requiring such a report.
(4)If the Secretary of State is satisfied that the newspaper concerned in the transfer has an average circulation per day of publication of not more than [F150,000]copies, he may give his consent to the transfer without requiring a report from the Commission under this section.
(5)The Secretary of State may by order made by statutory instrument provide, subject to any transitional provisions contained in the order, that for any number specified in subsection (1) or subsection (4) of this section (whether as originally enacted or as previously varied by an order under this subsection) there shall be substituted such other number as is specified in the order.
(6)In this section “satisfied” means satisfied by such evidence as the Secretary of State may require.
Textual Amendments
F1Words in s. 58(4) substituted (13.6.1995) by S.I. 1995/1351, art. 2
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