Quote:
Originally Posted by nialli
Money, pure and simple. It's a massive cash cow.
By selling off the (loss making) Sky News they will aim to silence critics who believe there's a political influence agenda behind the Murdochs' bid.
Having said that, if Sky News is sold (and who would buy it??) don't be surprised to see another channel launched once the Sky purchase is completed by News Corp. Launch a new channel after the deal is done? Surely not...Fox News anyone??
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FT says Sky News is losing £4m a year.
I think Sky may just close Sky News down unless ITN OR NBC want to buy it.
Or BSkyB can give it new ''owners'' like Own by ''Sky News Network''.