Friday 10 March 2017

NDM: Rupert Murdoch takeover

Rupert Murdoch unlikely to spin off Sky News in takeover battle

https://www.theguardian.com/business/2016/dec/13/rupert-murdoch-unlikely-to-spin-off-sky-news-in-takeover-battle
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Rupert Murdoch’s 21st Century Fox is not expected to offer Sky News as a regulatory pawn to secure an £11.2bn takeover of Britain’s largest pay-TV broadcaster. Under a previous acquisition attempt in 2011, Murdoch struck a deal to spin off the loss-making Sky News in a bid to appease concerns raised by Ofcom, the media industry watchdog. However, it is understood that Fox believes that the industry landscape has changed significantly since then and that there should be less concern over the impact of a deal on the diversity of viewpoints across the media.

I believed Rupert Murdoch wasn't going to do a spin off because he is still probably planning to buy Sky. There are current articles informing us on Murdoch's plans of taking over Sky so I doubt they would copy them. 

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