News Corp says it might sell Sky News

The FT is reporting this morning that News Corporation has told the government that it might be prepared to sell-off Sky News as a concession in order to avoid a lengthy review of its bid to take full control BSkyB.


The paper quotes familiar with talks between Rupert Murdoch’s media business and the Department for Culture, Media and Sport saying that off loading BSKYB’s news operation, Sky News, was one option.

It is seen as increasingly unlikely that the BSkyB deal will go through without a major concession.

Last month the likes of  WPP’s Sir Martin Sorrell were reported as saying that News Corp/BSkyB deal was likely to be passed.

This is despite the European Commission giving its unconditionally approval of the News Corp/BSkyB merger.

“Ofcom, the broadcasting regulator, has strongly recommended the government refer the bid to the Competition Commission on the grounds that it could reduce the diversity of news provision in the UK below an acceptable level, according to two people familiar with the recommendation’s contents.

“A review could take six to eight months, during which time analysts estimate that market growth and increased performance could raise BSkyB’s price to News Corp by hundreds of millions of pounds.”

My question is would they be able to include Kay Burley as part of the deal? I’m just not sure.

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