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CMA issues provisional findings in Fox-Sky - Venture Insights

Report Overview

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CMA issues provisional findings in Fox-Sky

PublisherEnders Analysis.
Publish Date February 5, 2018
Sector Media, Non-UK Media, Non-UK Telecoms, Technology, Telecom, TV, UK Media.
Company 21st Century Fox, Fox News, SKY.

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The Competition and Markets Authority (CMA) has provisionally found that Fox’s acquisition of Sky is against the public interest on media plurality grounds, although it could proceed with an appropriate remedy.

The CMA found the merger would give the Murdoch Family Trust (MFT) and family members “too much influence over public opinion and the political agenda”.

The CMA now enters the challenging remedies phase. Fox could offer an Editorial Board for Sky News pending finalisation of Disney-Fox (by 2019). Third parties seem likely to continue to seek to prohibit the merger