Rupert Murdoch’s bid for a Sky takeover with media empire 21st Century Fox has been referred to the competition and markets authority after Ofcom raised concerns about media plurality should the power be put in the hands of too few.
The decision was made by culture secretary Karen Bradley, who said she is “minded to” to refer the bid to the competition watchdog after receiving a report from regulator Ofcom that found the deal risked the Murdoch family having “increased influence” over the UK’s news agenda and the political process.
“On the basis of Ofcom’s assessment, I confirm Read full story ›
Source: The Drum
Industry News