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                            <title><![CDATA[ Latest from Next TV in Sky-news ]]></title>
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                                    <lastBuildDate>Tue, 05 Jun 2018 14:28:41 +0000</lastBuildDate>
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                                                            <title><![CDATA[ U.K. Says 21st Century Fox Must Sell News Unit to Buy Sky ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/u-k-says-21st-century-fox-must-sell-news-unit-to-buy-sky</link>
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                            <![CDATA[ U.K. Says 21st Century Fox Must Sell News Unit to Buy Sky ]]>
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                                                                        <pubDate>Tue, 05 Jun 2018 14:28:41 +0000</pubDate>                                                                                                                                                                                                                                <category><![CDATA[Business]]></category>
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                                                                                                <author><![CDATA[ jon.lafayette@futurenet.com (Jon Lafayette) ]]></author>                    <dc:creator><![CDATA[ Jon Lafayette ]]></dc:creator>                                                                                    <dc:source><![CDATA[ http://cdn.mos.cms.futurecdn.net/JGsRM7YbKg526Qh475nwCf.jpg ]]></dc:source>
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                                <p>The British government is allowing 21st Century Fox to acquire satellite broadcaster Sky — as long as Fox sells Sky News.</p><figure class="van-image-figure pull-" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' ><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="33pGMFyk5w6C86L9nG89V7" name="" alt="" src="https://cdn.mos.cms.futurecdn.net/33pGMFyk5w6C86L9nG89V7.jpg" mos="https://cdn.mos.cms.futurecdn.net/33pGMFyk5w6C86L9nG89V7.jpg" align="" fullscreen="" width="" height="" attribution="" endorsement="" class="pull-"></p></div></div></figure><p><a href="https://www.nexttv.com/tag/21st-century-fox" data-original-url="https://www.multichannel.com/tag/21st-century-fox">21st Century Fox</a> already owns 39% of Sky, and its $25 billion bid to buy the remaining stake has been held up by a long government review to determine if Fox would be a fit owner for Sky.</p><p><a href="https://www.nexttv.com/tag/walt-disney-co" data-original-url="https://www.multichannel.com/tag/walt-disney-co">The Walt Disney Co.</a>, which has agreed to <a href="https://www.nexttv.com/tag/disney-fox-deal" data-original-url="https://www.multichannel.com/tag/disney-fox-deal">buy most of Fox’s assets</a>, has said it is interested in buying Sky News.</p><p>Related: Fox Offers to Sell Sky News to Disney to Satisfy Regulators</p><p>But <a href="https://www.broadcastingcable.com/tag/comcast">Comcast</a> has weighed in with a bigger bid for <a href="https://www.nexttv.com/tag/sky" data-original-url="https://www.multichannel.com/tag/sky">Sky</a> and has said it is preparing a richer bid for the other Fox assets, which include its entertainment cable networks and movie and television studios.</p><p><a href="https://www.nexttv.com/news/comcasts-manifest-destiny" data-original-url="https://www.multichannel.com/news/comcasts-manifest-destiny">Related: Comcast’s Manifest Destiny</a></p><p>Fox has been trying to convince British regulators to let it buy Sky, including <a href="https://www.nexttv.com/tag/sky-news" data-original-url="https://www.multichannel.com/tag/sky-news">Sky News</a>, but Matt Hancock, the U.K. culture secretary, said owning Sky would give Fox and Rupert Murdoch too much control over the British media.</p><p>Hancock told Parliament Sky News could be sold to Disney or to another buyer, as long as it remains viable</p><p>"I need to be confident that the final undertakings ensure that Sky News remains financially viable over the long-term; is able to operate as a major U.K.-based news provider; and is able to take its editorial decisions independently, free from any potential outside influence,” Hancock said in his report to Parliament.</p>
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                                                            <title><![CDATA[ Analyst: Fox’s Sky Approval Could Come With Concessions ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/analyst-fox-s-sky-approval-could-come-concessions-413556</link>
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                            <![CDATA[ Analyst: Fox’s Sky Approval Could Come With Concessions ]]>
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                                                                        <pubDate>Tue, 20 Jun 2017 15:19:00 +0000</pubDate>                                                                                                                                                                                                                                <category><![CDATA[Distribution]]></category>
                                                    <category><![CDATA[Business]]></category>
                                                                                                                    <dc:creator><![CDATA[ Mike Farrell ]]></dc:creator>                                                                                                        <dc:description><![CDATA[ null ]]></dc:description>
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                                <figure class="van-image-figure pull-" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' ><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="2aBUfs2FLLJwxoBruiBTaQ" name="" alt="" src="https://cdn.mos.cms.futurecdn.net/2aBUfs2FLLJwxoBruiBTaQ.jpg" mos="https://cdn.mos.cms.futurecdn.net/2aBUfs2FLLJwxoBruiBTaQ.jpg" align="" fullscreen="" width="" height="" attribution="" endorsement="" class="pull-"></p></div></div></figure><p>British regulators are scheduled to decide whether 21st Century Fox can fully consolidate satellite TV provider Sky next week, a move that will likely include at least some concessions, according to Telsey Advisory Group media analyst Tom Eagan.</p><p>The British Office of Communications (Ofcom) and the Competition and Markets Authority handed their recommendations on whether Fox will be allowed to purchase the remaining interest in Sky it doesn’t already own (about 61%) to culture minister Karen Bradley, who has the final say on the matter, on Tuesday. Bradley said she would make her decision public on June 29.</p><p>In a note to clients Tuesday, Eagan wrote that it is likely the British government will ask for at least some concessions if it approves the deal. But Eagan expects regulators to take a “middle-case” approach, perhaps independent governance of its Sky News operation.</p><p>Fox has been trying to consolidate its Sky stake for years. In 2011, it dropped its efforts to consolidate the company when it became apparent it would not be approved by regulators after its British tabloids were involved in a phone hacking scandal. The company earlier shut down its <em>News of the World</em> tabloid – the focus of the hacking investigation – and later separated its newspaper and television assets into two separate companies – News Corp. and 21st Century Fox. Fox has said the split was not connected to the phone hacking scandal. </p><p>Fox’s latest scandal involves sexual harassment of female employees that led to the <a href="https://www.nexttv.com/news/roger-ailes-resigns-fox-news-406531" data-original-url="https://www.multichannel.com/news/roger-ailes-resigns-fox-news-406531">ouster of Fox News chief Roger Ailes</a> – who died in May – and on-air personality <a href="https://www.nexttv.com/news/reports-fox-gets-closer-removing-o-reilly-412276" data-original-url="https://www.multichannel.com/news/reports-fox-gets-closer-removing-o-reilly-412276">Bill O’Reilly.</a> Other executives left the company in the wake of the scandal, which some believe will weigh heavily on the British government’s decision.</p><p>Fox again proposed to take in the remaining 61% interest in Sky in December in a deal valued at about $14.5 billion. In April the <a href="https://www.nexttv.com/news/fox-gets-ec-nod-sky-purchase-412043" data-original-url="https://www.multichannel.com/news/fox-gets-ec-nod-sky-purchase-412043">European Commission approved</a> the deal without conditions.</p>
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