Sunday, September 24, 2017

EU regulators approve Fox plans to buy Sky



By on April 7, 2017

FILE - In this March 11, 2014 file photo, News Corp. Exeuctive Chairman Rupert Murdoch, center, and his sons, Lachlan, left, and James Murdoch attend the 2014 Television Academy Hall of Fame in Beverly Hills, Calif. Roger Ailes' successor at Fox News faces a delicate task in changing the culture of a news organization forever identified with one man, and push it forward for a new generation without alienating an audience that has made it a tremendously lucrative business. Ailes, who Rupert Murdoch hired to invent Fox News two decades ago, resigned under pressure Thursday, July 21, 2016, amid accusations of sexual harassment. (Photo by Dan Steinberg/Invision/AP Images, File)

News Corp. Executive Chairman Rupert Murdoch, center, and his sons, Lachlan, left, and James Murdoch attend the 2014 Television Academy Hall of Fame in Beverly Hills, Calif. (Photo by Dan Steinberg/Invision/AP Images, File)

BRUSSELS – European Union regulators have approved Twenty-First Century Fox’s purchase of Britain-based Sky, a key component of Rupert Murdoch’s strategy to consolidate his media empire.

Murdoch-controlled Fox already owns 39 percent of Sky, a broadcasting and broadband company with operations throughout Europe, including Austria, Germany, Ireland, Italy and the U.K.

The European Commission said Friday that “the transaction would raise no competition concerns in Europe” and that Fox and Sky are mainly active in “different markets.”

It says they “compete with each other only to a limited extent.”

An earlier attempt to buy Sky outright was scuttled by the 2011 phone hacking scandal that rocked Murdoch’s British newspapers and led to the closing down of the 168-year-old News of the World tabloid.

Anger over phone hacking has since abated.

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