News Corporation gets green light for BSkyB takeover

Rupert Murdoch's News Corporation has been given the go ahead by the British Government for its bid to take over the media company BSkyB. The approval follows the corporations agreement to set up Sky News as an independent company, however rival companies, such as the Guardian, Trinity Mirror and the Telegraph, have dismissed the news and claim they will "vigorously contest" it.

Murdoch's company already owns 39% of the media company as well as British newspapers The Sun, The News of the World and The Times. News Corp. has been seeking to secure the remaining 61% for a while now but has been blocked by the Competition Commission on multiple occasions.

The Culture Secretary, Jeremy Hunt, claims he will accept the offer and not refer it on, however Ofcom, the media watchdog, does not agree and wants the deal sent to the commission for investigation.

When asked about his decision Mr Hunt told the BBC that he was "very, very conscious that people are suspicious of politicians' motives" and that he had consulted Ofcom and the OFT (Office of Fair Trading) before he reached his choice.

"Ofcom assured me that News Corp's undertaking addressed its concerns about media plurality."

News Corporation said it has welcomed the decision, however the opposition government has expressed concerns. "This U-turn by Jeremy Hunt will raise further concerns about the transparency of the process. Four weeks ago, he was minded to refer the deal to the Competition Commission. Now he has changed his mind," stated the shadow culture secretary.

The current offer of each share at 850p values the remaining 61% of the company at around £9.1bn, this is a large increase on the previous offer of 700p a share last year.

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27 Comments

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The epitome of corruption. Grease enough palms, and you can get what ever you want in the UK. Tell me how this is any different to africa's endemic corruption? This is what happens when too much power resides in hands of too few people.

Flawed said,
The epitome of corruption. Grease enough palms, and you can get what ever you want, where ever you want.
Fixed.

Edited by ZakO, Mar 4 2011, 8:02am :

This is wrong, but if it goes ahead don't worry.
Just make sure you don't buy their rags, buy a proper paper every Sunday, either The Guardian (left), The Telegraph (liberal) or The Independent (right) depending on your political stance.
Papers during the week don't make much sense to me, all the above's websites put their articles online to view FOR FREE, unlike Murdoch's empire. NOTW, The Sun etc. I wouldn't wipe my arse with.
As for Sky, why not subscribe to Virgin Media etc? Or watch your team at the pub or actually buy a ticket!

Seriously, what is all the fuss about?

If you don't like the way a media enterprise acts then don't buy their newspapaers and watch their news channel.

Not like you are forced to now is it.

lee27 said,
Seriously, what is all the fuss about?

If you don't like the way a media enterprise acts then don't buy their newspapaers and watch their news channel.

Not like you are forced to now is it.

For now.... but at this rate?

lee27 said,
Seriously, what is all the fuss about?

If you don't like the way a media enterprise acts then don't buy their newspapaers and watch their news channel.

Not like you are forced to now is it.

I dont and I dont, the point is most people do and do so as they are not aware of the heavy bias and chunks of bu***hit they are consuming cleverly masquerading as fact and impartial news.

this infects the countries subconcious, and I believe will have the eventual effect of speeding up the dumbing down process the country is currently in.

Its bad news, just because you and I might think we can block it out, get another source doesnt mean everyone else will, the end result could even come back to effect you and I in the form of general consensus formed through heavilly pushing a ficticious meme via MSM.

nice to see the USA isn't the only one trolled by news corp anymore...... I knew Sky news was FoxNew's arm but looks like things are getting worse for you guys with this...

neufuse said,
nice to see the USA isn't the only one trolled by news corp anymore...... I knew Sky news was FoxNew's arm but looks like things are getting worse for you guys with this...
News Corp doesn't troll and people don't have a problem with Fox news unless your a liberal. (It one of the highest rated news show in the USA). You probably don't even watch Fox News. Now use your typical arrogant libral attitude and tell me that i'm wrong.

bguy_1986 said,
News Corp doesn't troll and people don't have a problem with Fox news unless your a liberal. (It one of the highest rated news show in the USA). You probably don't even watch Fox News. Now use your typical arrogant libral attitude and tell me that i'm wrong.

fox news is a laughing stock to anyone and everyone not a brainless right wing christian fanatic. not only in the USA but around the world.

bguy_1986 said,
News Corp doesn't troll and people don't have a problem with Fox news unless your a liberal. (It one of the highest rated news show in the USA). You probably don't even watch Fox News. Now use your typical arrogant libral attitude and tell me that i'm wrong.

Fox News successfully argued a court case that they were allowed to lie through their teeth about the news.

That alone discredits them.

Shea J said,

fox news is a laughing stock to anyone and everyone not a brainless right wing christian fanatic. not only in the USA but around the world.


+1

bguy_1986 said,
News Corp doesn't troll and people don't have a problem with Fox news unless your a liberal. (It one of the highest rated news show in the USA). You probably don't even watch Fox News. Now use your typical arrogant libral attitude and tell me that i'm wrong.

I'm no liberal but see Fox News as corporate propaganda. Greed is good. More tax cuts for the rich. It will trickle down....yeah right.

Sky News being separate is a good thing, however if this goes ahead, Sky will end up with about 69% of all media in the UK, in addition to all the newspaper's Murdoch controls.

That will be more than BBC, Channel 4, Channel 5, and ITV. How is that not a cause for Competition concern??? Stupid Jeremy (C)Hunt

martinDTanderson said,
Sky News being separate is a good thing, however if this goes ahead, Sky will end up with about 69% of all media in the UK, in addition to all the newspaper's Murdoch controls.

That will be more than BBC, Channel 4, Channel 5, and ITV. How is that not a cause for Competition concern??? Stupid Jeremy (C)Hunt

As far as Sky news goes to quote 38 Degrees :

"They've said Sky News won't be totally controlled by Murdoch. But he'll still have directors on the board and control the cashflow. Sky News will have to stay in Murdoch's good books if it wants to keep going."

....So not really independent at all then.

The UK is f**ked.... I want out.

marksuth said,
Radio 4's name for Jeremy Hunt increases in accuracy by the look of it.

Very true, James Naughtie summed him up very well with his top of the hour "slip up"

Neobond said,
Government wastes taxpayer money installing whole departments to block this kind of thing and it happens anyway

It could have been blocked, the government and regulators here could have said no but as it's already been pointed out the Tory's led Government owe Murdoch after his media outlets openly supported them during the election last year.