0
Video

Ofcom to make sure Fox 'fit and proper' for Sky takeover

Thursday 16 March 2017 | 15:50 CET | News

The UK government has asked regulator Ofcom and the Competition & Markets Authority to look into 21st Century Fox's proposed GBP 11.7 billion acquisition of the 61 percent of Sky it does not yet own. Secretary of State for Culture, Media and Sport Karen Bradley has asked Ofcom and the CMA to report by 16 May on the expected effects of the deal.

Ofcom is tasked with assessing the public interest with respect to media plurality and commitment to broadcast standards. In short, Ofcom must make sure Fox is "fit and proper" to hold Sky's broadcasting licence and does not have too high a concentration of market power. Ofcom has opened the matter to consultation and is inviting comment submissions by end March.

Bradley said she was prompted to intervene after hearing from over 700 third parties about concerns with the deal. After receiving the reports from the regulators, she will take the final decision on the takeover. The acquisition is also subject to approval by competition authorities at the European Commission. 



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Internet
Companies: 21st Century Fox / Ofcom / Sky
Countries: United Kingdom
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

UK may ask EC to rule on Fox takeover of Sky

Published 06 Mar 2017 08:28 CET | United Kingdom
The UK culture secretary has said she may ask the European Commission to allow Ofcom to rule on 21st Century Fox's proposed ...

Miliband, Cable call for Fox takeover of Sky to be blocked

Published 19 Dec 2016 09:38 CET | United Kingdom
James Murdoch's continued role in his father's media empire is sufficient reason for the proposed takeover of Sky by 21st Century ...

MPs urge govt to refer Sky deal to Ofcom

Published 13 Dec 2016 09:13 CET | United Kingdom
MPs have called on the UK government to refer 21st Century Fox's bid to acquire the rest of Sky to Ofcom for review. Labour, ...

21st Century Fox bids to acquire all of Sky

Published 09 Dec 2016 17:49 CET | United Kingdom
21st Century Fox has made an offer to acquire the rest of European pay-TV provider Sky for GBP 10.75 per share in cash. Sky's ...





Calendar   /   Industry Events

19 Mar OFC 2017
20 Mar Cebit 2017
21 Mar MPLS+SDN+NFV World
21 Mar Cabsat 2017
23 Mar Freenet Q4 2016
23 Mar United Internet Q4 2016
23 Mar Micron Technology fiscal Q2
23 Mar Drillisch Q4 2016
23 Mar Ecotel Q4 2016
23 Mar China Mobile FY results
23 Mar FCC Open Meeting
24 Mar Smartphone & Wearable’s Technology Summit 2017
27 Mar Report: Dutch Broadband 2016-Q4
28 Mar Tele Columbus Q4 2016
28 Mar Evolving Systems Q4 2016
28 Mar TV Connect
28 Mar ACA Summit
28 Mar Bluetooth World
28 Mar Digital Regulation Forum
29 Mar Ericsson AGM
29 Mar Samsung Galaxy press conference
29 Mar IoT Asia 2017
29 Mar IoT Forum Africa
29 Mar Sigma Designs fiscal Q4
29 Mar Report: Dutch Television Market 2016-Q4
30 Mar Dell Technologies fiscal Q4
30 Mar Bezeq Q4 2016
30 Mar Opera Software Capital Markets Day
::: More Calendar Items