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Read this: Rupert Murdoch offers to 'spin off' Sky News for BSkyB deal - Media - The Guardian

Summary: Rupert Murdoch's 'spin off' concession is intended to demonstrate the independence of Sky News. Jeremy Hunt, the culture secretary, who took control of the approval process from the business secretary, Vince Cable, is expected to approve the 8bn purchase on Thursday, according to sources at Westminster. If spun off, Sky News, which is loss making, will be separately governed and funded by a long-term promise of payments understood to be over a 10 year-period from News Corporation. -

Read full article: link icon  Rupert Murdoch offers to 'spin off' Sky …

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