Culture Secretary Jeremy Hunt has approved plans to spin-off Sky News as an independent company, should News Corp’s bid to purchase the remaining 61% in BSkyB be accepted. Under the plan, shares in the traded Sky News would be distributed among the existing shareholders in BSkyB, in line with their current shareholdings.
News Corp is close to an agreement with regulators that would address concerns over its purchase of BSkyB.
The Secretary of State for Culture, Olympics, Media and Sport Jeremy Hunt is to follow an Ofcom recommendation to refer News Corp’s acquisition of BSkyB to the Competition Commission, but only after the company has been given the opportunity to reduce the impact of the proposed takeover.
The UK will today outline plans to deliver “superfast” broadband across the country by 2015.
BBC Research & Development is developing a system that would show users of the BBC iPlayer how efficiently the online delivery platform is being handled by their ISP.