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Thread: The UK put Murdoch 15 billion Sky deal in jeopardy

  1. #1
    Veteran Member PACE's Avatar
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    The UK put Murdoch 15 billion Sky deal in jeopardy

    Guess they don't want the lies. Is it finally catching up to them?

    Britain puts Rupert Murdoch's $15 billion Sky deal on hold - Sep. 12, 2017


    ritain is putting Rupert Murdoch's dream takeover on hold because of concerns over broadcasting standards at Fox News.
    U.K. culture secretary Karen Bradley said Tuesday that she intends to order an extensive review of 21st Century Fox's (FOX) $15 billion planned takeover of Sky TV because of concerns over "genuine commitment to broadcasting standards" and the increased influence it would give the Murdoch family over British media.
    Sky (SKYAY) shares dropped by roughly 2% in London.
    Bradley had previously voiced concerns that the combined company would have the third largest reach of any news provider in the U.K., uniquely spanning television, radio, newspapers and digital publications.
    Bradley said she was prepared to refer the merger for an additional six month review over that issue.
    Related: Setback for Murdoch's $15 billion Sky deal
    And she raised new concerns Tuesday about the company's commitment to broadcasting standards.
    A group of British lawmakers recently pressured the government official to examine accusations of sexual harassment against former Fox News boss Roger Ailes and former star host Bill O'Reilly.
    In a letter to Bradley in July, the lawmakers argued that an initial review by Britain's media regulator had failed to address whether Sky's news division was at risk of becoming more like the American news channel.
    One of them, former Labour Party leader Ed Miliband, said Monday that Fox News should serve as a cautionary tale.
    "In the era of fake news it is all the more important we protect trusted news sources from getting into the wrong hands," he wrote in the London Evening Standard. "How can we possibly trust the Murdochs with total control of Sky News?"
    Bradley said Tuesday that she was not able to conclude that the "Foxification" of Sky News was a real danger, but said the issue might merit further consideration.
    She did say that further review of the company's governance was warranted, as well as the procedures the company had in place for ensuring its broadcast of Fox News in the U.K. complied with broadcasting standards.
    21st Century Fox announced in August that its controversial news channel would no longer be broadcast in the U.K. after failing to attract an audience.
    Murdoch's media group said it was "disappointed" by Tuesday's announcement, adding it did not believe that Bradley had grounds to question its broadcasting standards. It urged her to take a final decision quickly.
    O'Reilly and Ailes, who died in May, both denied the allegations against them.
    Bradley gave 21st Century Fox 10 working days to respond before the merger is referred for the additional review.
    Related: U.K. officials find 'significant failings' at Fox News over sex harassment claims
    This is Murdoch's second attempt to buy Sky. A previous bid collapsed in 2012 in the wake of a phone-hacking scandal at his British newspapers.
    Fox will have to pay Sky 200 million ($265 million) as a break fee if the new deal falls apart.
    Sky (SKYAY) has 22 million customers in five European markets: Italy, Germany, Austria, the U.K. and Ireland.

  2. #2
    Established Member Blues63's Avatar
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    I think the Brits are sick of this guy's low level trash. He destroyed the quality of the Australian media before he ruined the UK's. Now he has the US media in his sights.

  3. #3
    Veteran Member PACE's Avatar
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    Quote Originally Posted by Blues63 View Post
    I think the Brits are sick of this guy's low level trash. He destroyed the quality of the Australian media before he ruined the UK's. Now he has the US media in his sights.
    I don't think the reinstallment of Rebekah Brooks helped the case, whether or not she was acquitted of that god-awful phone scam, doesn't matter, she's marked, and I would argue that the Brits, after the Profumo Affair (which they all remember) aren't too keen on this bag of shit being a forefront in news.

    The Murdochs' bid for Sky just hit a 100m bump in the road
    Thanks from Blues63 and Friday13

  4. #4
    Member Robert Urbanek's Avatar
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    Right decision for the wrong reason. The takeover should be vetoed to prevent monopoly-like control of the media. Not because of subjective judgments on the content of the news.
    Thanks from allegoricalfact

  5. #5
    The Covfefe are Coming! BitterPill's Avatar
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    Quote Originally Posted by PACE View Post
    Guess they don't want the lies. Is it finally catching up to them?

    Britain puts Rupert Murdoch's $15 billion Sky deal on hold - Sep. 12, 2017
    A vampire must first be welcomed past the threshold.
    Last edited by BitterPill; 12th September 2017 at 10:57 PM.
    Thanks from PACE and Dangermouse

  6. #6
    Veteran Member PACE's Avatar
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    Quote Originally Posted by Robert Urbanek View Post
    Right decision for the wrong reason. The takeover should be vetoed to prevent monopoly-like control of the media. Not because of subjective judgments on the content of the news.
    Well, get the money together and change the issue.

  7. #7
    Member allegoricalfact's Avatar
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    Quote Originally Posted by Robert Urbanek View Post
    Right decision for the wrong reason. The takeover should be vetoed to prevent monopoly-like control of the media. Not because of subjective judgments on the content of the news.
    That was always the reason before, wasn't it? What has changed, I thought we were done with Murdock and his 'republic'.

  8. #8
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    Quote Originally Posted by Robert Urbanek View Post
    Right decision for the wrong reason. The takeover should be vetoed to prevent monopoly-like control of the media. Not because of subjective judgments on the content of the news.
    Yeah your probably right...Still Murduch SUCKS.....Shut him down

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