Fox takeover of Sky delayed by culture secretary

Culture secretary Karen Bradley said she is "minded to" refer 21st Century Fox's takeover bid for Sky to the competition watchdog.

Karen Bradley: the UK's culture secretary
Karen Bradley: the UK's culture secretary

A decision was expected today on whether Bradley would wave through the £11.7bn deal for Rupert Murdoch's Fox to buy the 61% of Sky it does not own.

However, Bradley told the House of Commons this afternoon that there were "clear grounds" to refer the deal to the Competition and Markets Authority because of the Murdoch family's ability to influence the UK news agenda.

She said she was "minded to" refer the decision – a phrase she is required to use by legislation.

Ms Bradley will make a further decision on 14 July.

In a statment, 21st Century Fox said it was pleased" that Bradley referred the decision to the CMA in respect of media plurality grounds rather than its commitment to broadcasting standards.

However, Fox said it was disappointed that Bradley "does not accept Ofcom’s recommendation stated in its report that '….the proposed undertakings offered by Fox to maintain the editorial independence of Sky News mitigate the media plurality concerns.'"

Topics

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk plus get exclusive discounts to Campaign events

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Making media fun again: why we must free our industry from outdated models
Shares0
Share

1 Making media fun again: why we must free our industry from outdated models

The industry needs an audience-first media revolution that balances brand and outcomes, writes Mindshare's global chief executive.

Just published

More