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21CF/Sky transaction heads to the CMA - Venture Insights

Report Overview

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21CF/Sky transaction heads to the CMA

PublisherEnders Analysis.
Publish Date October 22, 2017
Sector Media, Pay TV.
Company 21st Century Fox, SKY.

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21CF’s bid for 100% ownership of Sky has been referred for a Phase 2 investigation to the Competition and Markets Authority (CMA), which will decide by 6 March 2018

Third parties Avaaz and Ed Miliband MP complain of the influence of the Murdoch Family Trust (MFT) and family members over the UK’s news agenda and political process

A remedy could insulate Sky News from this influence. The offer of a Sky News Editorial Board at Phase 1 was refused. Third parties will ensure the debate in Phase 2 is very lively