Quote:
Originally Posted by Horizon
That's how I see it too.
Sky News will be spun off into a separate company "independently" governed and managed, except Murdoch will still fund it.
Seems a total waste of time. The government should allow Murdoch to buy all of Sky or not and stop this messing about. Murdoch has always controlled Sky anyway, so whether he owns 40% or 100% is neither here or there.
No one else will buy it. No other company will be allowed to own it.
|
As we suspected yesterday given the media analysis that is pretty much what has happened.
The new Sky News holding company, Newco, who will run it independently of BSkyB, shares be offered to BSkyB stockholders with News Corp retaining 39% (as they do now) so it is much as was expected. And of course they will licence the Sky News brand, again much as expected.
I felt the BBC were (as usual on this subject) somewhat jumping the gun with their report yesterday, I don't feel they have been particularly impartial during this process.
At least Sky News will continue which has got to be good news.
But Digger Murdoch is going to have to dig deeper to get BSkyB though, forget £7 a share try £8.50!
Murdoch said they are the best Pay TV company in the world which they may well be, but given the rising shareprice I bet he wishes he hadn't bigged it up so much!