[pip08456]

Originally Posted by 1andrew1

He's a hands-on, highly successful proprietor who phones his editors frequently.
It's a shame that another hugely successful British company has been taken over by a foreign owner but it was always on the cards and I don't have a problem with it. At the last bid, Fox agreed to spin-off Sky News. I doubt they will have to do this again as the newspapers are held in a different company (News Corp) and the power of traditional media is weaker today.

All SKY have done is taken back control since they merged into BSB.

"On 8 July 1988 rival tycoon Rupert Murdoch, having failed to gain regulatory approval for his own satellite service, and failing to become part of the BSB consortium announced that his pan-European television station, Sky Channel, would be relaunched as a four channel UK-based service called Sky Television, using the Astra system and broadcast in PAL with analogue sound.

In October 1990, an enterprising manufacturer came up with a dual satellite dish that could be used to receive both Sky and BSB services, although separate receivers would still be required - the following month this technology became effectively obsolete.

Both companies had begun to struggle with the burden of huge losses, rapidly increasing debts and ongoing startup costs. In November 1990, a 50:50 merger was announced to form a single company, operating as British Sky Broadcasting (BSkyB), but marketed as Sky. The merger may have saved Sky financially as it had very few major advertisers at the time, so acquiring BSB's healthier advertising contracts and equipment helped to solve the company's problem."

A good move by Murdoch.

https://en.wikipedia.org/wiki/Britis...e_Broadcasting