Thread: Rupert Murdoch's finally gets his hand on Sky
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Old 10-12-2016, 01:19   #23
1andrew1
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Re: Rupert Murdoch's finally gets his hand on Sky
Quote:
Originally Posted by pip08456 View Post
But SKY back then was owned by Murdoch. All he's done is sit back and wait until the time was right and Hey Presto, he's back in control. In the meantime he has been reaping rewards for his initial investment.
Sky would not have survived had News Corp not merged it with BSB to form BSkyB. BSkyB was built upon sport and that came from BSB's The Sports Channel; the merger formed a new company.
BSkyB and latterly Sky plc has always been significantly influenced by News Corp with family connections on the board and close working relationships. Recently, Sky News took space in News UK's premises. This is a tidying-up exercise executed now thanks to the weaker Pound and phone-hacking no longer being an issue.
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