The Latest: UK sees public interest concern in Sky takeover | Entertainment – Alabama News

The Latest: UK sees public interest concern in Sky takeover | Entertainment – Alabama News

LONDON (AP) — The Latest on the U.K.’s examination of Twenty-First Century Fox’s takeover bid for network Sky (all times local):

British Culture Secretary Karen Bradley says that media regulators expressed concern that Twenty-First Century Fox’s proposed takeover of Sky would give the Murdoch Family Trust material influence over news providers across all key platforms.

Bradley told the House of Commons on Thursday that this “potentially raises public interest concerns,” and referred the matter to the Competition and Markets Authority for further review.

Bradley says “these are clear grounds whereby a referral to a Phase 2 investigation is warranted — so that is what I am minded-to do.”

Murdoch’s media group is trying to buy the 61 percent of Sky it doesn’t already own, giving Twenty-First Century Fox easy access to Sky’s 22 million customers in the U.K., Ireland, Austria, Germany and Italy. Critics say would give Rupert Murdoch too much power in U.K. media.

Britain’s government has referred Twenty-First Century Fox’s takeover bid for European cable TV network Sky for more examination citing public interest concerns.

Culture Secretary Karen Bradley told the House of Commons on Thursday she decided to refer the bid to the Competition and Markets Authority after receiving a report by the media regulator, Ofcom.

Britain’s culture secretary is preparing to rule on whether Twenty-First Century Fox can take full control of the Sky cable television and broadband network in an 11.7 billion pound ($15.2 billion) deal critics say would give Rupert…

click here to read more.

Share this post

Post Comment