Regulators CMA and Ofcom deliver Sky takeover reports

Reuters

Karen Bradley, the Culture Secretary, will announce next week whether 21st Century Fox's proposed takeover of Sky will be subject to further scrutiny by competition regulators.

Mr Murdoch's bid comes five years after his last tilt at taking the business over through News Corporation in 2011.

Meanwhile Sky has transformed itself by taking control of its Italian and German namesakes, buying up a string of independent production companies, launching a low-priced, contract-free streaming TV service and offering its own mobile phone service.

The culture and media department can intervene in takeover deals on the basis of public interest considerations, with legislation specifying the "need for there to be a sufficient plurality of media ownership, for the availability of a wide range of high-quality broadcasting and for those with control of media enterprises to have a genuine commitment to broadcasting standards objectives".

That decision was expected in May but was pushed back following Prime Minister Theresa May's decision to call a snap General Election.

Imprisoned American Student Leaves North Korea in Coma
Yun then met last week with the North Korean ambassador at the U.N.in NY . "Joe Yun went to Pyongyang (Monday) to accompany Mr. Sherrod Brown said " North Korea's despicable actions in detaining and holding Otto were unacceptable and must be condemned".

The government received reports from the independent media regulator Ofcom and the Competition and Markets Authority watchdog on Tuesday, looking into whether the proposed takeover would give Murdoch's Twenty-First Century Fox (FOXA.O) too much control of the media in Britain.

The Culture Secretary said she will aim to make a statement in Parliament detailing her "minded to" decision by Thursday June 29.

She will subsequently make a decision on whether the CMA needs to undertake a "phase 2", or in-depth, investigation.

She said there would be a chance for representations to be made before a final decision.

"In the meantime, given the ongoing quasi-judicial nature of this process, I am unable to comment substantively on the matter of this case", Bradley said.

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