Page 1 of 2 12 LastLast
Results 1 to 10 of 13

Thread: Rumors of Sky News to shut down due to the Fox bid

  1. #1

    Join Date
    Apr 2016
    Location
    Solano County, California
    Posts
    9,449

    Rumors of Sky News to shut down due to the Fox bid

    http://www.tvnewscheck.com/article/1...dle-to-fox-bid

    Interesting though. But it sounds like an empty threat.

  2. #2

    Join Date
    Apr 2016
    Location
    Solano County, California
    Posts
    9,449
    https://www.reuters.com/article/us-s...-idUSKBN1FM1HY

    Here is an update between the Murdochs and Sky

  3. #3

    Join Date
    Apr 2016
    Location
    Solano County, California
    Posts
    9,449
    https://www.reuters.com/article/us-s...-idUSKBN1FW16M

    Here an an update on Sky

    Fox said it would establish a fully independent board for the news channel to ensure the 86-year-old media mogul and his family could not influence its output.

    Britain’s competition regulator said last month that Fox’s deal to buy the 61 percent of Sky it does not already own should be blocked unless a way was found to reduce the influence Murdoch could wield through owning the Sun and the Times newspapers, as well as TV, radio and online news outlets.

    Some lawyers, investors and analysts have said that a stronger mechanism to guarantee the independence of Sky News should be enough to gain approval.

    Looming over the Fox-Sky takeover is a $52.4 billion deal that would result in Walt Disney Co buying Fox’s TV and film studios, its cable TV assets and international TV businesses including Sky - leaving the Murdochs with Fox’s U.S news and sports channels, as well as their News Corp newspaper and publishing assets.

    The Competition and Markets Authority (CMA) had already said the Disney deal should be taken into consideration when any remedies are assessed.

    THREE SOLUTIONS
    In January it put forward three broad possible solutions: insulating Sky News from Fox’s influence, spinning off or divesting Sky News, or blocking the deal outright.

    Sky, however, warned the regulator that if it blocked the deal, it could close the loss-making channel completely, killing the main British competitor to the BBC in 24-hour TV news.

    Fox said the regulator’s assessment was based on a number of legal and factual errors, but nonetheless promised to fund Sky News for at least five years and said it would put a “firewall” around the channel as remedies.

    “The combined effect of the Proposed Firewall Remedies is that there could be no circumstances in which, post-transaction, the MFT (Murdoch family trust) or members of the Murdoch family could influence, whether directly or indirectly, the editorial line or policy of Sky News,” the company said.

    It said it would establish a fully independent board to oversee Sky News, including the appointment of the head of the channel, who will have sole responsibility for editorial strategy and staffing.

    The proposal builds on a previous Fox pledge to create a Sky News board with a majority of independent directors.

    But the CMA noted opponents of the deal had said previous offers by Murdoch to guarantee the editorial independence of the Times newspapers in Britain and the Dow Jones company had proved ineffective.

    Former opposition Labour leader Ed Milliband and ex-Conservative finance minister Kenneth Clarke were among four lawmakers who said the deal should be blocked, arguing if the independence of Sky News was lost, it would be difficult or impossible to restore, and that the CMA could reconsider the deal if Disney buys Fox.

    Fox’s proposals were released by the CMA on Monday. It is due to present media secretary Matt Hancock with a final report by May 1 and he has said he will rule on the deal by June 14.

    Shares in Sky were trading up 0.36 percent at 10.53 pounds at 1216 GMT. Fox has offered 10.75 pounds a share.

  4. #4

    Join Date
    Apr 2016
    Location
    Solano County, California
    Posts
    9,449
    https://www.fiercecable.com/cable/co...-sky-31b-offer

    Here is an update Now Comcast is rumored to get Sky.

  5. #5
    http://frontpage.pch.com/article/935...ids-for-sky/tv

    Well, Comcast has put in a bid. Long way from saying they'd win.

  6. #6
    https://www.arcamax.com/business/businessnews/s-2054649

    More information on the Comcast bid. Really savvy move on their part. They either win a good asset or force a competitor to pay a lot more for something they want. Not much of a downside for them.

  7. #7

    Join Date
    Apr 2016
    Location
    Solano County, California
    Posts
    9,449

  8. #8

    Join Date
    Apr 2016
    Location
    Solano County, California
    Posts
    9,449
    http://www.tvnewscheck.com/mobile/in...icle/id/113739


    Update UK regulators will not block the Comcast sky deal.

  9. #9
    The Sky entities have never made a dime. In fact, it's a money black hole. If the new owners shut it down or stop the bleeding, that will be the reason.

  10. #10

    Join Date
    Apr 2016
    Location
    Solano County, California
    Posts
    9,449
    https://www.fiercecable.com/video/fo...comcast-report

    Update there is a report that Fox and Comcast are making bids over the Sky assets in the UK.

Page 1 of 2 12 LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

     
Useful Contacts
Community


123