Murdoch hold their breath
James Murdoch, Rupert son. The Telegraph, the Daily Mail and Guardian News Media News Corp's BSkyB bid.?Photo: PA
It was reported this week as 7 £ 8bn of News Corp to buy BSkyB 61pc end, it has not already will be transmitted by the authorities of the European Union competition this week. Sources in Brussels are it leave to be known that the agreement "was not anti-competitive impact" on the level of the EU at least.
A much tougher test will be defined by OFCOM, invited by Vince Cable to investigate what damage such an agreement could be done to the plurality of the media in the United Kingdom. Mr. Cable movement came after the representations on the issue of a group of large companies from Great Britain, including the Telegraph Media Group, Daily Mail and General Trust Guardian News Media media. The BBC has also added its support.
Everyone is concerned about the impact of such an agreement that will bring together the richest broadcaster of Britain with a stable of newspapers command already significant market share.
OFCOM is committed to make the decision public before the end of the year and a number of sources very close to the question suggests that a reference to the Competition Commission is highly likely.
Mr. Cable, this must be the preferred outcome. It has very little to gain stirring through such an agreement controversial before a full assessment of the question is possible, a sober look competition as well as that of the OFCOM Board process.
Mr. Cable knows that any decision which appears rushed will coalition Government and industry media without favours at all.