U.K. Culture Secretary Refers Fox’s Bid for Sky to Competition Regulators; FVE Unchanged
On Sept. 12, Karen Bradley, the U.K. Culture Secretary, referred 21st Century Fox’s bid for the 61% of Sky that it doesn’t already own to competition regulators. We are not surprised with her decision and have actually been expecting it for quite some time. The concerns relate to whether the Murdoch family will have too much control over the U.K.’s broadcasting industry. In our view, there is minimal difference between the family’s influence with 100% control and its influence with 39% control. ...
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