Guardian: Ofcom Ruling Interpreted as Setback to Fox Sky Takeover Bid

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Britain’s Guardian newspaper reports a new ruling by the government broadcast regulator Ofcom has set back hopes by the Murdoch family’s hopes to see Fox News take over Sky.

The paper reports Monday:

The media regulator Ofcom has ruled that the Fox News programmes Hannity and Tucker Carlson Tonight breached impartiality rules covering British broadcasting.

The rulings relate to coverage of the Manchester Arena bombing in May and Donald Trump’s executive order in January that restricted travel to the US from seven majority-Muslim countries.

Investors interpreted the ruling as a setback for the Murdoch family’s hopes of taking full control of Sky, sending shares in the satellite broadcaster down by more than 1% after the Ofcom decision.

21st Century Fox, which is controlled by the Murdochs and owns Fox News, is trying to buy the 61% of Sky that it does not own in an £11.7bn deal. The deal is being investigated by the Competition and Markets Authority on the grounds of media plurality and commitment to broadcasting standards.

Read more at The Guardian


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