tinyfav.com
tinyfav.com April 20, 2018


Disney may buy Sky News to ease Rupert Murdoch's £11.7bn takeover

04 April 2018, 01:12 | Melanie Burgess

CREDIT Courtesy of Sky

CREDIT Courtesy of Sky

Rupert Murdoch's Fox has been stuck in regulatory limbo since late 2016, when the 39 percent shareholder in Sky launched an 11.7 billion pound ($16.5 billion) offer for the rest of the company.

By offering to purchase Sky News as a separate entity, the Walt Disney Company should allay regulatory concerns by taking Sky's news outlet from Murdoch's hands.

The Fox statement went on to outline its proposed remedies: "Alternatively, The Walt Disney Company has expressed an interest in acquiring Sky News, with a view to adding it to Disney's existing portfolio of television channels, whether or not Disney's proposed acquisition of 21st Century Fox proceeds".

Fox, which now owns 39% of Sky, in December 2016 launched a bid to take full control of the British company. The Murdoch family already own News UK, the owner of the Times and the Sun.

The company, however, needs to persuade another regulator, the Competition and Markets Authority (CMA), and the government. Fox had previously proposed giving Sky News its own editorial board and a 10-year funding guarantee.

Fox said its new concessions went beyond the steps that Britain's media regulator Ofcom said would mitigate concerns about Murdoch's influence.

Fox had already pledged to ensure the independence of Sky News.

Samsung Galaxy S9 update will bring access to FM radio
Therefore this early production could likely hint that we get to see the Note 9 release earlier than expected. This is because Samsung will reportedly start manufacturing the OLED panels for the Note 9 from April.

Boston Bruins vs. Tampa Bay Lightning - 3/29/18 NHL Pick, Odds, and Prediction
Even after Victor Hedman brought Tampa Bay within one in the game's final seven minutes, the Bruins' defense held on to its lead. The B's moved into first place in the Eastern Conference with a 4-2 victory against Tampa Bay last night at the Garden.

Kim Jong Un's mystery train
Yang arrived here Thursday to brief Moon and other officials on the outcome of the Xi-Kim summit held in Beijing on Monday. North Korean leader Kim Jong Un (C) waves from his train as he departs from Beijing after an unofficial visit.

Much of its decision to propose buying Sky News lies in a desire to eventually own Sky, which has 23 million customers and holds lucrative broadcast rights to the English Premier League and other professional soccer leagues.

The Fox-owned Murdoch family already owns two daily newspapers in the United Kingdom via News Corp, The Times and The Sun.

The agency is mulling whether to recommend the Fox deal for Sky to Culture Secretary Matt Hancock for approval.

Sky, which operates in seven European countries, is a smaller version of what American media giants are trying to become: owners of TV and internet "pipes" as well as the programming that flows through them.

Liberum added: "The news that Sky Italia seems to have settled its long-running fight with Mediaset in the Italian pay-TV market also makes Sky more valuable to a bidder, given it makes the prospects in Italy more attractive".

Additionally, Twenty-First Century Fox offered personal undertakings given by Twenty-First Century Fox's Executive Chairmen and its chief executive officer not to influence or attempt to influence the editorial choices made by the Head of Sky News.

"We have proposed a set of solutions that address and resolve any and all questions or concerns that may have been raised by the transaction", Gerson Zweifach, Fox's general counsel, said in an emailed statement.



Other News

Trending Now

TV host apologizes to Parkland student
Hogg urged his Twitter followers to contact Ingraham's advertisers and several big name sponsors withdrew their advertising. I will only accept your apology only if you denounce the way your network has treated my friends and I️ in this fight.

'If Mourinho was made of chocolate he'd eat himself', says Docherty
Second-placed United have earned 68 points after 31 games, but still trail Pep Guardiola's side by 16 points. The Portuguese tactician, speaking in Friday's press conference, says the matter is a non-story.

Logo for Pakistan-West Indies T20 series unveiled
There has been a trickle of internationals and high-profile matches in recent years, however, with an improvement in the security situation.

Teachers in Oklahoma and Kentucky stage protests
Most districts are out on spring break and those remaining have closed to accommodate teachers attending the rally. It is not yet clear when or if Arizona teachers will go on strike .

Max Holloway Talks About Accepting Khabib Nurmagomedov Fight On Short Notice
So I was like, how do you turn down an opportunity like this? "April 7 is going to be a great night", he said. The news has robbed UFC fans of one of the most compelling UFC match-ups - for the fourth time.

What is super-gonorrhoea?
Since the bacteria die within seconds outside the body, the chances of getting infected through toilet seats or clothes are slim. In order to contain the STI, health officials are now being forced to track down any of the man's other sexual partners.

'Back with eyes open': Malala visits Pakistan district where she was shot
She received initial treatment in Pakistan and later was taken to England for further care. Malala steps out of a helicopter in Pakistan's notorious Swat Valley where she was shot.

Chelsea locked in three-way transfer battle over Premier League star
Tottenham Hotspur fans might baulk, but soon-to-be free agent Joao Moutinho should be seriously considered this summer. Don't worry guys, the global break is now over and Premier League football returns this weekend.

Russian MoD: Drop Test of Newest Heavy ICMB Successfully Conducted
Russian news agency Sputnik said it was the second successful test of the Sarmat missile, with the first one being in December. Sarmat is meant to replace the Soviet-designed Voyevoda, the world's heaviest ICBM that is known as "Satan" in the West.

VK Singh in Iraq; bodies of 39 Indians to be brought today
"I will be flying straight to Amritsar followed by Patna and Kolkata", he said. The remaining 39 were taken to Badoosh and killed.