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Media
Cable expected to hand News Corp’s Sky takeover plans to OfCom for review
By CMU Editorial | Published on Thursday 4 November 2010
Business Secretary Vince Cable is expected to hand previously reported plans by Rupert Murdoch’s News Corp to take complete ownership of BSkyB to the media regulator OfCom today, and ask them to assess the public interest implications of the owner of The Times and The Sun also owning the Sky network and channels outright.
There has been increasing pressure on Cable from New Corp’s competitors, including the BBC, not to mention MPs in both his own party and the Labour Party, to block News Corp’s Sky ownership ambitions, though it is thought Murdoch’s cosy relationship with the Conservatives could hinder any attempts to ultimately stop the News Corp takeover, even if Cable himself wanted to.
Cable is likely to instigate an OfCom investigation today following formal confirmation from News Corp to the European Commission that it had made a bid for the 61% of BSkyB not currently in its possession.
