Murdoch promises to run Sky News for 10 years for Fox takeover deal

Tycoon makes offers to allay media monopoly fears and ease through 21st Century Fox dealRupert Murdoch has doubled the length of time he is willing to keep running Sky News to “at least” 10 years, as 21st Century Fox sweetens its offer to protect the news channel to gain clearance for the £11.7bn takeover of Sky.The Competition and Markets Authority said last month that Murdoch’s bid raised media plurality concerns because the deal would give his family too much control over UK news media. The Murdoch family trust controls Fox and News Corp, publisher of the Sun and the Times.As the Competition & Markets Authority provisionally blocked Rupert Murdoch’s bid for full control of Sky, it launched a consultation looking at three options for the future of Sky News. Related: Sky bid faces another hurdle as activists win right to legal challenge Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2018-02-20 00:00:00 UTC ]
News tagged with: #sky news #full control #markets authority

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NewPage Fending Off Takeover?

NewPage, the largest maker of coated paper in the U.S., is scrambling to keep the owner of paper rival Verso Continue reading at Folio Magazine

[ Folio Magazine | 2011-01-21 00:00:00 UTC ]
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Hachette to close teen magazine Sugar after 16 years

Hachette Filipacchi is to close teen print magazine Sugar in March, which has suffered flagging circulation figures, and ahead of an anticipated group sale to US publisher Hearst. Continue reading at Media Week

[ Media Week | 2011-01-19 00:00:00 UTC ]
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