Menu
04/11/2010
Ofcom To Investigate News Corp's Bid For BSkyB
Following a request from the Business Secretary, Ofcom is set to probe News Corp's plans to bid for BSkyB shares.
The regulator will consider the effect on media plurality if News Corp successfully takes over the remaining 61% of BSkyB shares.
Yesterday, The European Commission was officially notified by News Corp of its intent to make a bid for the satellite broadcaster.
They will review the case and report by December 8.
Head of News Corp, Rupert Murdoch, currently has considerable UK investment through ownership of The Times, The News Of The World and The Sun.
Business Secretary Vince Cable is under pressure by media rivals to block the plans amid fears the takeover would pose a threat to competition and plurality.
He said: "The independent experts at Ofcom will now investigate and report to me on the media plurality issues that may arise from this proposed acquisition.”
Ofcom has until the end of December to submit a recommendations report to the Business Secretary.
In response, News Corp said it was "confident that the proposed investment will not adversely affect media plurality in the United Kingdom".
(BMcN/KMcA)
The regulator will consider the effect on media plurality if News Corp successfully takes over the remaining 61% of BSkyB shares.
Yesterday, The European Commission was officially notified by News Corp of its intent to make a bid for the satellite broadcaster.
They will review the case and report by December 8.
Head of News Corp, Rupert Murdoch, currently has considerable UK investment through ownership of The Times, The News Of The World and The Sun.
Business Secretary Vince Cable is under pressure by media rivals to block the plans amid fears the takeover would pose a threat to competition and plurality.
He said: "The independent experts at Ofcom will now investigate and report to me on the media plurality issues that may arise from this proposed acquisition.”
Ofcom has until the end of December to submit a recommendations report to the Business Secretary.
In response, News Corp said it was "confident that the proposed investment will not adversely affect media plurality in the United Kingdom".
(BMcN/KMcA)
Related UK National News Stories
Click here for the latest headlines.
03 March 2011
Competition Commission Sidelined In BSkyB/News Corp Merger
The News Corporation's proposed merger with BSkyB is to proceed - despite a previous bid to refer it to the The Secretary of State for Culture, Olympics, Media and Sport announced that, following advice from Ofcom and the Office of Fair Trading (OFT), he intends to accept undertakings from the News Corporation on their proposed merger with BSkyB "i
Competition Commission Sidelined In BSkyB/News Corp Merger
The News Corporation's proposed merger with BSkyB is to proceed - despite a previous bid to refer it to the The Secretary of State for Culture, Olympics, Media and Sport announced that, following advice from Ofcom and the Office of Fair Trading (OFT), he intends to accept undertakings from the News Corporation on their proposed merger with BSkyB "i
24 November 2011
'Questions Remain' Despite Murdoch Jnr Resignation
Labour's Media Secretary has said that James Murdoch still had questions to answer despite stepping down from the board of News Group Newspapers. News International, a News Corp.
'Questions Remain' Despite Murdoch Jnr Resignation
Labour's Media Secretary has said that James Murdoch still had questions to answer despite stepping down from the board of News Group Newspapers. News International, a News Corp.
24 October 2011
Ofcom Seeks Comments On Media Plurality
Ofcom has invited comments on measuring media plurality, following a request to consider this area by the Secretary of State Jeremy Hunt.
Ofcom Seeks Comments On Media Plurality
Ofcom has invited comments on measuring media plurality, following a request to consider this area by the Secretary of State Jeremy Hunt.
22 March 2011
BECTU Question Competition In BSkyB Takeover
An independent media trade union has commented that News Corp's attempts to head off criticism of its planned takeover of BSkyB fail to answer the serious questions about competition. The statement is included in the BECTU's submission to Ofcom whose latest consultation into the planned takeover closed yesterday.
BECTU Question Competition In BSkyB Takeover
An independent media trade union has commented that News Corp's attempts to head off criticism of its planned takeover of BSkyB fail to answer the serious questions about competition. The statement is included in the BECTU's submission to Ofcom whose latest consultation into the planned takeover closed yesterday.
01 July 2011
News Corp Moves Closer To BSkyB Takeover
The Government has provisionally agreed to accept News Corp's proposed takeover of BSkyB, but will consult on further conditions. Earlier this year, News Corp had put forward the idea of spinning of Sky News as a separate company, in order to address concerns over its impartiality.
News Corp Moves Closer To BSkyB Takeover
The Government has provisionally agreed to accept News Corp's proposed takeover of BSkyB, but will consult on further conditions. Earlier this year, News Corp had put forward the idea of spinning of Sky News as a separate company, in order to address concerns over its impartiality.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
