Rupert Murdoch will see the decision as a fudge. If he sells Sky News, the deal is back on
Sadly for Ed Miliband, who has fought a tenacious campaign, he was wrong to say a regulator has finally said no to the Murdochs. The Competition & Markets Authority formal no to 21st Century Fox’s full takeover of Sky was a qualified rejection. The takeover body proceeded to set out a list of possible remedies that might lead to a yes when the culture secretary, Matt Hancock, gets the final say.
Rupert Murdoch will view the CMA’s fudge as a decent result. He’s a deal-maker, remember. A haggle over the future funding and independence of Sky News, which is now the central focus, could be viewed as a light diversion from his greater project of selling the bulk of Fox to Disney.
As the Competition & Markets Authority provisionally blocked Rupert Murdoch’s bid for full control of Sky, it launched a consultation looking at three options for the future of Sky News.
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