Read this: BSkyB: News Corp takeover is in the public interest | Media | guardian.co.uk
Summary: In a strongly-worded submission to media regulator Ofcom, published today, the Sky board said blocking the takeover would threaten the future of its 24 hours news channel, Sky News. Ofcom has been asked by the business secretary, Vince Cable, to advise him on whether the News Corp acquisition breaks media plurality rules designed to prevent a single company from becoming too powerful. Sky argued in its submission that blocking the deal on plurality grounds would have the opposite effect. - guardian.co.uk
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