Jan 23, 2018
Opening Quote: Here is the Sky News, which might be big news, or non-news
This morning, the Competition and Markets Authority has sensationally ruled that the takeover of Sky by the Murdoch family's 21st Century Fox is not in the public interest because of its likely effect on media plurality in the UK. It has therefore proposed that the deal be blocked entirely, or allowed only with a spin-off or divestiture of the Sky News operation, or allowed only with behavioural remedies "To insulate Sky News from the Murdoch Family Trust's influence". so everything's fine, this is not really a problem, and it's not big news at all. If the Disney/Fox deal were to be varied by US regulators, or not able to go through as planned, Fox owning Sky could be a problem again, so this is still potentially huge news! Can you imagine Sky News trying to report this? Or its regular panel of celebrity news "Pundits" trying to explain it? The CMA's investigation examined a range of evidence to understand whether Fox, Sky and the Murdochs have a genuine commitment to broadcasting standards in the UK. Here, it has provisionally found that Fox taking full control of Sky would not be against the public interest.
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