Sky-Fox Deals “not in the public interest”

Reuters

Fox proposed takeover of Sky is not in the public interest, for reasons of plurality of the media, the UK competition and markets authority (CMA) has said.

The CMA has provisionally found that, if the deal went ahead as planned, it would give the Murdoch family a lot of control over the news providers in the UK.

However, the CMA found the offer would not be standards against the public interest on the grounds of the radio.

Disney has agreed to buy most of Fox’s business, so by the end of may sky.

Disney’s proposed acquisition, the approval by the US authorities, belong to the Fox-currently 39% share in sky.

And if the Sky Fox offer would not be suitable for once through the whole sky, the Shuttle to Disney property.A Major Influence

Fox has their own attempts to buy the 61% of Sky that it currently does not.

However, the CMA decided that if this happened, the Murdoch Family Trust (MFT)’s would give control over all the media platforms in the UK, there is too much influence on public opinion and the political agenda.

The MFT’s news outlets are currently almost a third of the UK population consumes TV, radio, online and newspaper.

This is significantly greater than all of the other news providers, except for the BBC and ITV.
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In a statement, Fox said it was “disappointed” by the results.

He added: “We are together with the CMA prior to publication of the final report in may.

“We welcome the CMA’s provisional balance sheet, the company would have a genuine commitment to broadcasting standards, and the transaction is not against the public interest in this regard.”

Sky said that it is the CMA judgments took on both kinds of reasons, and that it “had set, possible remedies” plurality “and is seeking contributions to this”.

The CMA also came to the conclusion that Fox had a “genuine commitment to broadcasting standards in the UK” and was in the country.

She added that Sky also had a good balance with “comprehensive and effective policies and procedures” in order to position the quality of its broadcasts.

The CMA also considered the recent accusations of sexual harassment against Fox News employees in the United States, but for the time being not found, these were directly linked to the achievement of the broadcasting standards.

Analysis: Amol Rajan, media editor

Critics of Rupert Murdoch have still never shy to speak against him, and the CMA has with a killer quote, you will be singing for years to come.

To say, full control of Sky would give the Murdoch Family Trust to large “influence on public opinion and the political agenda”, has the regulatory authority inspired those that argued against an earlier bid by the Murdochs, for almost seven years, of course that was derailed by the phone-hacking inquiry.

Possible Solutions

Disney agreed to buy the majority of 21st Century Fox business in the last month, including the 39% stake in sky.

Understood at the time, the BBC investigation, Fox planned that the deal is no variation of the CMA would be takeover of Sky.

Disney and Fox in the hope that their deal will be completed until the middle of 2019, according to the Sky-Fox deal, although it still needs approval by the US authorities.

The CMA said that as a result of the timing, it could be the view, the Disney offer in the assessment of the Sky-Fox deal, but I suspect that its impact could be considered among the possible remedies to the transaction.

The CMA are three remedy approaches to address the plurality concerns:
stop the deal goes through
turn off or sale of Sky News
insulating the end of Sky News from the MFT-influence
“Too much power”

Anne Lambert, chair of the CMA’s independent investigation of the group, said: “media diversity is at the core of our democratic process.

“It is very important that no group or Person should have that much control over our media, or too much, to influence the political agenda.”

The process now moves to a three-week public consultation the CMA received responses to its provisional decision, a spokesman told the BBC.

After that, you will the answers be integrated into a final report that will be sent to the new Secretary of state for education, Matt Hancock, to the middle of may.

He will go to the final decision of whether or not the business will continue.