Dec 15, 2017
Sky News faces uncertain future after Disney-Fox deal
Walt Disney's agreement to buy most of 21st Century Fox's business for $52.4bn has raised further questions about the Sky News channel's future. Before news of the deal, Rupert Murdoch's Fox had been trying to buy the 61% of satellite broadcaster Sky that it does not yet own. Last month, Sky sent shivers down the spines of Sky News journalists by threatening to close the channel if it proved to be an obstacle in Mr Murdoch's takeover bid. "Sky News loses £40m a year and has absorbed $1bn of investment. It's very hard to make money out of news in a small market like the UK.". In the US, analysts are concerned that Disney's existing news interests might suffer from the merger, let alone Sky News.
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