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Read this: Murdoch moves step nearer BSkyB takeover - TV Radio, Media - The Independent

Summary: The Culture Secretary Jeremy Hunt said he was minded to wave through the takeover by News Corporation after the media giant offered to make the channel into a separate independent company and subsidise it for a decade. The new conditions are subject to a 15-day public consultation period, but an alliance of other media organisations has already indicated it is ready to take legal action to block the arrangement. News Corp has yet to agree a takeover price with BSkyB after its initial 700p-a-share bid, which valued the business at 12.3 billion, was rejected for being too low. - independent.co.uk

Read full article: www.independent.co.uk link icon  Murdoch moves step nearer BSkyB takeover…



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