Sunday, 13 March 2011

Murdoch to take full control of Sky - what next?

So Rupert Murdoch got his way and was able to win approval by the government for News Corporation to take full control of BSkyB.

It left me feeling a little disorientated. In one respect, I was annoyed because I felt he had won - again. In another, had it not been for his travails, I would not have known that he did not have full control of the broadcaster. For some reason I always assumed BSkyB was his pride and joy anyway.

I certainly was not aware that his share was a mere 39 percent.

Assuming the takeover goes smoothly and Murdoch ends up in full control, the concern is regarding what will happen next. The sweetener that appears to have paved the way was Murdoch's agreement to only hold a maximum of 39 percent of Sky News and keeping it separate from the rest of the company.

There is one caveat, which is the concern as to whether any safeguards have been put into place that would prevent Murdoch from launching a Fox News for the UK, a channel which he would have a full share in. Considering I have not heard about any such safeguards, I can only assume the answer to that is 'no'.