EU
Murdoch's #Fox could separate #SkyNews to satisfy UK regulator on takeover
Twenty-First Century Fox (FOXA.O) said it could legally separate Sky News within the wider Sky group to allay the concerns of a British regulator about the news service’s continuing independence under Rupert Murdoch’s ownership, writes Paul Sandle.
It also said it could sell the 24-hour news channel to Walt Disney (DIS.N) if its bid to acquire the 61 percent of the company it does not already own is approved, regardless of whether Disney’s proposed acquisition of Twenty-First Century Fox’s assets proceeds.
Fox agreed to buy all of the European pay-TV group in December 2016, but the deal has been repeatedly delayed by the British government and regulators.
Fox, which already owns 39 percent of the European pay-TV group, had already put forward steps it would take to guarantee the independence of Sky News, such as funding it for 10 years and creating an independent board of directors.
“We have worked diligently with the CMA (Competition and Markets Authority) throughout its extensive review,” Fox said on Tuesday.
“In fact, we believe that the enhanced firewall remedies we proposed to safeguard the editorial independence of Sky News addressed comprehensively and constructively the CMA’s provisional concerns.”
Share this article:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Stepping out...to get the UK back in European Union
Energy use in the industry sector continues to decline
The role of quality assurance in advancing inclusive upper secondary VET in Slovenia
Europe must not turn its back on rural women’s empowerment
Commission accelerates transition away from animal testing in chemical safety assessments
Counterfeit cigarettes drive illicit tobacco trade to highest level in a decade, new study claims
High-speed drama shatters Monaco’s tranquil façade
Republic of Moldova joins European Patent Organization as 40th member state
Inconvenient questions about Andorra and San Marino that Brussels should be asking
How digital wallets are changing the way Welsh consumers pay for online services
Impasse in European Union Tobacco Tax Reform: The Swedish veto
EU Cybersecurity Act could expose member states to costly investment treaty claims, legal opinion warns
Várhelyi says unilateral measures by the US against the EU ‘would not be justified’
Libya’s fuel crisis offers lessons for energy security on both sides of the Mediterranean
490+ experts call for €10 billion ring-fenced health allocation in EU budget
ENVI opinion signals early resistance to Biotech Act SPC extension
Kazakhstan reforms under scrutiny at Brussels Press Club round table
Japan should face up to history and contribute more to regional peace
Ambassador calls for 'speeding up' of co-operation between EU and Kazakhstan
Timur Turlov at Smart Moves Summit 2025: How chess can transform global education
Shevtsova’s case: Out-of-court sanctions dismantling trust in Ukrainian cause
The future of European transport
Trump Vs Trueman
US 'no longer' an 'unconditional ally' for Europe - MEP
-
Brexit4 days agoStepping out...to get the UK back in European Union
-
Energy5 days agoEnergy use in the industry sector continues to decline
-
Slovenia5 days agoThe role of quality assurance in advancing inclusive upper secondary VET in Slovenia
-
Gender equality4 days agoEurope must not turn its back on rural women’s empowerment