Read this: Doubts over plan to spin off Sky News on stock market - Markets Analysis

Summary: Competition - and the prospect of News Corp's owning all of the hugely profitable BSkyB to subsidise its newspapers - has not worried regulators. There will be a carriage and branding agreement so News Corp pays Sky News guaranteed revenue - on a per subscriber, per month basis - for the next 10 years. That is crucial since Sky News is said to lose between 20 million and 30 million a year. - thisislondon.co.uk