Wednesday , November 14 2018
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FT Opening Quote – CMA says Fox/Sky deal ‘not in public interest’

Summary:
Good morning. Here is the news. Which could very likely soon not be news. But there is a chance that it might not be non-news. So, for now, it is very big news, writes Matthew Vincent.This morning the Competition and Markets Authority has sensationally ruled that the takeover of Sky by the Murdoch family’s 21st Century Fox is not in the public interest because of its likely effect on media plurality in the UK.It has therefore proposed that the deal be blocked entirely, or allowed only with a spin off or divestiture of the Sky News operation, or allowed only with behavioural remedies “to insulate Sky News from the Murdoch Family Trust’s influence”.However, with Walt Disney having already agreed to acquire 21st Century Fox – including Sky – for .4bn last month, the CMA admits these

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Good morning. Here is the news. Which could very likely soon not be news. But there is a...

Chris Nuttall
Award-winning journalist with more than 35 years' experience in newspapers, magazines, radio, TV and the internet at local, national and international levels. At the BBC for 17 years and has spent the past 15 with the Financial Times. Served as a foreign correspondent in Sri Lanka, Washington and Turkey as well as in a roving role for the BBC. Turned a late 1980s geeky interest into a professional focus on the internet and technology and was founding World Editor of the BBC News website and the BBC 's first Internet Correspondent.

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