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Murdoch's Twenty-First Century Fox pledges to keep Sky News independent

Britain's competition regulator said last month that Fox's deal to buy the 61 percent of Sky it does not already own should be blocked

Reuters  |  London 

Rupert Murdoch's Twenty-First Century Fox pledged to keep Sky News independent and continue funding the loss-making channel for five years, in an attempt to overcome regulatory concerns over its $15.7 billion takeover of pay-TV firm Sky. Fox said it would establish a fully independent board for the news channel to ensure the 86-year-old media mogul and his family could not influence its output. Britain's competition regulator said last month that Fox's deal to buy the 61 percent of Sky it does not already own should be blocked unless a way was found to reduce the ...

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First Published: Tue, February 13 2018. 20:51 IST
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