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

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus