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Read this: Murdoch Wins Again as Sky Takeover Gets the Green Light - TIME

Summary: Murdoch's business rivals and political enemies have cried foul, claiming the deal will allow him to strengthen his grip on the nation's media sector and once again proves he is too close to the government. Until now, Murdoch's News Corporation has owned just 39 of Sky, always seen as enough to give Murdoch effective control of a business of which his son James used to be chief executive and remains chairman. The reason News Corp now wants full ownership is essentially commercial at a time when other parts of the media industry are being squeezed, Sky has become seriously profitable, set to throw off 1.6 billion in cash a year. - time.com

Read full article: www.time.com link icon  Murdoch Wins Again as Sky Takeover Gets …



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