News Corp has balked at selling off Sky News to satisfy Brussels. Despite that nose-thumbing, the European Commission has extended from December 8 to December 22 the deadline for the first phase of its competition investigation of Rupert Murdoch’s £12 billion ($19 billion) takeover of BSkyB. What Brussels is worried about is a 100% News Corp-owned BSkyB deal as the cornerstone of a global pay-TV empire. The European probe is separate from the investigation by British regulator Ofcom which will report on December 31 and still could derail the deal.
Brussels Postpones Murdoch/Sky Decision
By TIM ADLER in London | Saturday, 4 December 2010 09:56 UKTags: News Corp, News Corp BSkyB, News Corp BSkyB Takeover, News Corp Sky, Ofcom BSkyB Takeover Investigation, Rupert Murdoch BSkyB, Rupert Murdoch Sky TV, TV, UK Pay TV, UK TV
This article was printed from http://www.deadline.com/2010/12/brussels-postpones-murdochsky-decision/
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How strange and sad it is to see lowly Brussels being the only firewall between Rupert Murdoch and the Foxification Of All Media. Don’t waffle on this, Belgium.