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CMA outlines Fox-Sky investigation

October 10, 2017 11.16 Europe/London By Julian Clover

The Competition and Markets Authority has given details on how it intends to handle its investigation into the proposed £11.7 billion takeover of Sky Plc by 21st Century Fox.

Last month the Secretary of State for Digital, Culture, Media and Sport referred Fox’s proposed takeover of Sky to the Competition and Markets Authority (CMA) on public interest grounds.

The transaction would bring the share of Sky held by Fox up from 39 per cent to 100 per cent.

The CMA will now examine how the deal would impact media plurality and broadcasting standards in the UK.

“The CMA will use its extensive experience of investigating different issues in a wide range of sectors to thoroughly and impartially investigate the proposed takeover of Sky Plc by 21st Century Fox,” said panel chair Anne Lambert. “Once the investigation is complete we will report back to Karen Bradley for her to make a final decision.”

It said it would investigate media plurality and whether there would be sufficient plurality of persons following the transaction. Also included is whether the ability of the Murdoch Family Trust to control editorial decisions at Sky News would change.

There is concern at the measures that Fox News had in place for media compliance prior to its withdrawal from the market earlier this year. A report found that actions to improve the approach were only put in place once Ofcom expressed concerns.

The CMA is required to complete its report within six months.

Further Information:

  • CMA 21st Century Fox / Sky merger inquiry page

 

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Related

Filed Under: Newsline, Regulation Tagged With: CMA, FOX, Sky, UK Edited: 11 October 2017 11:17

About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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