Media groups look to halt News Corp expansion


12 Oct 201071 Views

The BBC, Channel Four and The Guardian are among the rival media groups who have come together to try to block Rupert Murdoch’s attempt to take full control of BSkyB.

The move, they say, may harm public interest and would reduce diversity in the industry.

In a letter to Business Secretary Vince Cable, those opposed to the Murdoch-owned News Corp’s intended takeover of the remaining 61pc of BSkyB, asked the government to intervene.

"We believe that the proposed takeover could have serious and far-reaching consequences for media plurality," the letter said.

Support Silicon Republic

News Corp already owns News International, which owns The Sun, The News of the World, The Times and The Sunday Times newspapers in Great Britain.

In June, News Corp told the board of BSkyB that it was prepared to pay 700p a share to take full control of the leading satellite broadcaster but it has yet to finalise its plans.

Article courtesy of Businessandleadership.com