Home » Money

21st Century Fox takeover of Sky referred to competition watchdog

12 September, 2017, 17:12 | Author: Jeff Stephens
  • 21st Century Fox takeover of Sky referred to competition watchdog

In an address to Parliament, the minister, Karen Bradley, said she was "minded" to refer the $15 billion deal to the Competition and Markets Authority for a more intensive inquiry over concerns about whether Fox would uphold broadcast standards in Britain and whether it would control too much of the British media.

And following additional representations from the UK's broadcasting regulator Ofcom, Bradley said she is now "minded to" refer the deal to the CMA on the grounds of broadcasting standards.

Murdoch's 21st Century Fox agreed to take full control of Sky in December.

Ms Bradley said she received 43,000 comments on the deal, majority part of activist campaigns against the merger going ahead.

Grave warning for Britons in path of Hurricane Irma
They said the walls of their boarded-up accommodation shook and they could hear things banging against the building outside. But it is expected to regain its strength before hitting the Florida Keys on Sunday morning with 110 miles per hour winds.


She said: "On the evidence before me I am not able to conclude that this raises non-fanciful concerns".

At issue for the CMA would be the scope of the Murdoch family's media influence in the United Kingdom and Fox's broadcasting record.

Britain is putting Rupert Murdoch's dream takeover on hold.

Ms Bradley said she disagreed with Ofcom's assessment, despite Sky recent decision to stop broadcasting Fox News in the UK.

Japan's Abe agrees with Putin N.Korea nuclear test threatens peace
Russian Federation has a land border with North Korea less than 20 km (12 miles) long. Seoul also warned that North Korea may launch a new missile as soon as this weekend.


Bradley's announcement is a victory for Murdoch's critics, who have been emboldened by scandals over alleged racial discrimination and sexual harassment at his U.S. TV network Fox News.

In Ofcom's original report, the regulator concluded there were "no broadcasting standards concerns that may justify a reference" to the CMA on grounds of broadcasting standards. The group has further threatened Ms Bradley with a legal challenge if she were to choose not to call for a deeper probe of Fox's commitment to broadcasting standards.

Following Bradley's referral, Sky stock sunk nearly 4 percent.

Monday Update-David Johnson Wrist Injury, "Would Require Surgery"
When asked about Chris Johnson , Arians said the return of the former Cardinals running back is a possibility . So Sunday, Veldheer played right tackle for the first time in a regular season game.


Recommended:



Popular

Trump Renews the Threat of US Military Action Against North Korea
The Democratic People's Republic of Korea (DPRK) was "ready to use a form of ultimate means", Han said without elaborating. Mr Johnson said the new measures were "the most stringent UN sanctions regime placed on any nation in the 21st century".

Frankfurt 2017: BMW showcases iVision Dynamics Concept
Germany, France, and the United Kingdom have already announced a complete shift to electric vehicles in the future. Electric mobility will therefore become a new standard, not a single case in a fleet of combustion engines.

How powerful will Hurricane Irma be when it nears SC?
In Georgia , three people died and damage from falling trees and flooding in low-lying areas caused an estimated $500 million in damages.

IN cancels home football game against FIU
This weekend's Florida-Tennessee game is scheduled to be played in Gainesville but it could be moved or postponed as well. FIU (1-1) is scheduled to play at Rice on September 23.

Air Berlin cancels flights as pilots on sick leave
Bankrupt German airline Air Berlin has canceled dozens of flights , citing an "unusually high" number of pilots calling in sick . In the meantime, the airline has been kept aloft by a hastily-agreed 150-million-euro loan from the German government.

Xiaomi Mi A1 to be available by end of September for RM1,199
Under the hood, there is a mid-range octa-core Qualcomm Snapdragon 625 processor, clubbed with 4GB RAM and Adreno 506 GPU. The smartphone comes with a 5.5-inch display and a full metal unibody design and a fingerprint scanner at the rear panel.

America Will Confront Hurricane Irma, Others
As the storm moves toward Tampa Sunday night, utilities across Southwest Florida show more than 400,000 customers without power . The National Hurricane Center said Irma is expected to remain powerful as it heads north along the state's Gulf Coast.

Ubisoft announces arena shooter game Atomega, to release next week
This is the latest project from the incubator at Ubisoft Reflections that developed 2015's Grow Home and its sequel, Grow Up . At least, for now, the game seems to be a PC exclusive, with its Steam page already up and running.

Katia dissipates over Mexico but heavy rainfall continues
Barthelemy - numerous same islands devastated by Irma on Tuesday night and Wednesday. Katia was expected to hit the state of Veracruz by early Saturday.

Packers grind out 17-9 win over Seattle in regular season opener
Green Bay tacked on Mason Crosby's 40-yard field goal before Wilson quickly drove the Seahawks into scoring position. But this isn't the same defense either, the Packers say. "We were in the backfield a bunch and got the big plays".