Murdoch Gets Go-Ahead To Buy BSkyB

Today sees huge changes in the British media landscape. Jeremy Hunt, the UK culture secretary, has approved Rupert Murdoch’s controversial bid to buy the 61% of pay-TV broadcaster BSkyB he does not already own. Hunt has decided not to refer News Corp’s £7.5 billion bid to UK antitrust regulator the Competition Commission. News Corp has offered to spin off news channel Sky News into a separate company. Rival news organisations have complained that News Corp would control too many news outlets if it owns Sky News and newspapers. Murdoch has offered to keep the loss-making news channel going for another 7-10 years. Sky News loses around £20 million ($33 million) each year. This approval is quite a milestone in seeing Rupert Murdoch becoming even more powerful. Read More »

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Brussels Postpones Murdoch/Sky Decision

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 … Read More »

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Sky About To Sell Its 7.5% Stake In ITV? Will NBC Or Even Simon Cowell Become Bidders?

By | Friday November 12, 2010 @ 9:17am PST

City analysts tell me the reason why ITV’s stock price is creeping up again is because BSkyB could be selling its share of ITV. “It would look better from a regulatory point of view,” says Paul Richards of Numis, referring … Read More »

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Sky Gets 10M Subscribers Ahead Of Sked

No wonder Rupert Murdoch is so keen to own BSkyB outright. Having invested so heavily in technology, from digital switch-over right through to 3D, Murdoch wants to reap his investment. Sky’s annual turnover in its last financial year to June 2010 was £5.9 billion. It’s estimated this will grow to … Read More »

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ITV To Start Charging For Internet Extras

Adam Crozier, CEO of UK broadcaster ITV, has suggested making viewers pay for extra content, such as alternative endings. At one point he talked about charging Brit TV viewers to watch hugely popular soap Coronation Street first online, but rowed … Read More »

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British Families Spend Twice As Much On Sky As They Do On Newspapers And Books

By | Saturday September 11, 2010 @ 2:55am PDT

That’s according to investment bank Nomura, which has compared the average $780 yearly cost of being a Sky customer to what people spend on other things. The average British family also spends as much on Sky as it does … Read More »

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Chase Carey Talks Tough Over Sky Bid

News Corp’s deputy chairman has set his face against increasing its £7.8 billion ($12.4 billion) for the 60% it doesn’t own of BSkyB. Carey has warned the Brit pay-TV giant that Rupert Murdoch’s company has “other options for its cash”. In yesterday’s … Read More »

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Sky To Become HBO’s Home In Britain

The pay-TV giant has struck an exclusive output deal to be the only place to watch HBO shows from now on. Boardwalk Empire, Martin Scorsese’s series about Atlantic City gangsters, will be the first show to air through the … Read More »

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