Fiji Time: 7:44 AM on Saturday 20 January

Fiji Times Logo

/ Front page / Archives » Article Index

Sky could shut down channel

Reuters
Thursday, November 09, 2017

LONDON - British broadcaster Sky SKYB.L. has said that it could shut down Sky News if its ownership of the channel proves to be an obstruction to the company's 11.7 billion-pound ($F32b) takeover by Rupert Murdoch's Twenty-First Century Fox (FOXA.O).

Fox's 10.75 pound-a-share bid to acquire the 61 per cent of Sky that it does not already own is being investigated by Britain's Competition and Markets Authority (CMA), which is examining whether the takeover would have an adverse impact on the country's plurality of media ownership and broadcasting standards.

Murdoch-controlled News Corp (NWSA.O) also owns The Times and The Sun newspapers in Britain.

In a submission made to the CMA last month but published by the regulator on Tuesday, Sky said it "would likely be prompted to review" its position "in the event that the continued provision of Sky News in its current form unduly impeded merger and/or other corporate opportunities available in relation to Sky's broader business".

The broadcaster said: "The CMA should not in its assessment simply assume the 'continued provision of Sky News' and its current contribution to plurality, 'absent the transaction'".








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62390.6049
JPY 56.369653.3696
GBP 0.36040.3524
EUR 0.41060.3986
NZD 0.69380.6608
AUD 0.63130.6063
USD 0.50390.4869

from

$0.00

Exchange Rate updated on 19th, January, 2018

Today's Most Read Stories

  1. Patient info leaked
  2. Four miss out
  3. Stench concern
  4. Men appear in court for separate cases
  5. Ministry looks into Kanailagi case
  6. Ba files protest against Nadi
  7. 624,404 voters
  8. Pet monkey Fiji could land artist Chris Brown in jail
  9. A simple turn of the tap
  10. 4-day water cut for West

Top Stories this Week

  1. Trip turns tragic Thursday (18 Jan)
  2. Love will keep us together Sunday (14 Jan)
  3. $100 a day Sunday (14 Jan)
  4. Mela beats the odds Thursday (18 Jan)
  5. Capt William calls it a day after 45 years Sunday (14 Jan)
  6. Nadi man dies in crash Wednesday (17 Jan)
  7. Tube ride to school Thursday (18 Jan)
  8. National strike if no resolution, says FTUC Sunday (14 Jan)
  9. Teachers transfer policy Monday (15 Jan)
  10. Man attacks partner Monday (15 Jan)