Read this: Rupert Murdoch to fund hived-off Sky News in bid remedy - Telegraph
Summary: The media giant made a 700p-a-share, 7.8bn bid for the remaining shares in June, which was rejected. A deal valuing BSkyB shares at somewhere between 800p and 850p a share is expected. A full-blown sale of Sky News has been viewed as difficult, as the satellite channel is losing more than 30m a year. - telegraph.co.uk
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