News Corp is now the sole owner of Sky News Australia. News Corp Australia has bought out joint venture partners Seven, Nine and the UK’s Sky.
“This is a significant investment that reinforces News Corp Australia’s continued commitment to quality journalism, talent and content,” said News Corp executive chairman, Michael Miller, said in a statement: “This acquisition has come about because News Corp Australia recognises the increasing value of Sky News; its employees, the shows they host and the audience it attracts. Together, we will ensure the strengths and benefits of each company are leveraged fully in the long term.”
Content from Seven, Nine and Sky News will continue to be part of the service tagged as “Australia’s News Channel”.
There are no regulatory concerns.
