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Read this: Rupert Murdochs Sky bid marks a shift in the centre of gravity | Steve Hewlett | Media | The Guardian

Summary: City reaction to the news that News Corp plans to buy the 61 of BSkyB it doesn't currently own focused on the numbers. Sky is about to become even more profitable than it already is costs of investments in broadband and HD are winding down as revenues rise. Profits are forecast to double by 2012 to as much as 1.2bn a year. - link

Rupert Murdochs Sky bid marks a shift in…

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