Read this: Can News Corp salvage the Sky takeover?
Summary: News Corporation has a couple of weeks or so to come up with a scheme to overcome the objection raised by Ofcom that the full takeover of BSkyB would reduce the number of providers of news and current affairs services to an unacceptable extent. To be clear, selling Sky News would not be easy, because it is a consumer of cash, not a profit centre. Finding a buyer with deep enough pockets to guarantee that Sky News could thrive in the long term would be quite a challenge. - bbc.co.ukwww.bbc.co.ukCan News Corp salvage the Sky takeover?…
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