TH
This being the same government that was pushing for the Sky takeover to go ahead, led by a Prime Minister who had Christmas dinner with the Brooks family? Not to mention the way the BBC has been handled by Hunt & Co.
The suggested outcome at the moment is that Ofcom might force News Corp to reduce its percentage of shares, in a similar way to how it made Sky sell its shares in ITV a few years ago. The effect being, it will lose influence, lose more of its UK business and would struggle to force through its own agenda on the board.
I think it is a possibility (albeit very remote) that the Government may prod Ofcom to declare the Murdochs not to be fit and proper holders of a broadcasting licence, which would mean in order for Sky to continue broadcasting, News Corp would have to divest either all of their shares, or enough of them so that they no longer hold a significant influence over the management of the company.
This being the same government that was pushing for the Sky takeover to go ahead, led by a Prime Minister who had Christmas dinner with the Brooks family? Not to mention the way the BBC has been handled by Hunt & Co.
The suggested outcome at the moment is that Ofcom might force News Corp to reduce its percentage of shares, in a similar way to how it made Sky sell its shares in ITV a few years ago. The effect being, it will lose influence, lose more of its UK business and would struggle to force through its own agenda on the board.