Murdoch steps aside as Comcast secures Sky

James Murdoch’s departure ends his family’s association with the satellite television service

He told the broadcaster: "I've left them in no doubt at all about the importance of editorial independence and Sky News, and what we expect not just over the immediate period following the changes to corporate ownership, but in the longer term".

Comcast has become the majority owner of Sky in a move chairman and chief executive Brian L. Roberts believes "paves the way" to accelerate investment and growth into the broadcaster's brand and platforms.

21st Century Fox has wrapped up the sale of its 39 percent stake in Sky to Comcast, which now owns more than 75 percent of the British pay TV giant's ordinary shares.

Delisting of the Sky Shares and the re-registration of Sky as a private limited company would significantly reduce the liquidity and marketability of any Sky Shares in respect of which the Comcast Offer has not been accepted at that time.

Critics had argued that allowing Murdoch - who owns major British newspaper titles The Times and The Sun - full control of Sky News would have given him too much influence in the United Kingdom news business.

Acclaimed Farming Sim ‘Stardew Valley’ Coming to iOS in October
Subscribe to n3rdabl3 on YouTube! "The main difference is that it has been rebuilt for touchscreen gameplay on iOS ". An announcement trailer for the mobile version of Stardew Valley was also released, which you can check out below.

"Comcast have committed to investment in Sky, including our. headquarters and we very much look forward to working with Brian and the Comcast team to achieve further growth and development of Sky's business", Sky chief executive Jeremy Darroch said in Tuesday's statement.

"We are also fully committed to ensuring Sky News' future, maintaining its editorial independence, and preserving its strong track record for trusted, high quality, impartial news", Roberts added in reference to the 24-hour rolling channel.

Analysts with the New Street research firm said Comcast would have done it better if they walked away from the bidding when it reached $40 billion.

Martin Gilbert, outgoing chairman of Sky's independent board committee, said the deal was an "excellent outcome for Sky shareholders" and congratulated Comcast on taking control. With Comcast and Sky's new semi-streaming service, these two companies could both work as both cable operators and stream providers.

For the meantime, Comcast's major advantage in the deal is having rights over live sports content and other news content as it now has revenue channeled from NBC News, CNBC, MSNBC, and Euronews.

Related News:

  • Crewed spacecraft bound for ISS forced to make emergency ballistic descent

    Crewed spacecraft bound for ISS forced to make emergency ballistic descent

    The intention was to have them work as a team of five until December, when the three scientists now aboard would return to Earth. A terrifying video shows the moment that two crew members fear for their lives as they are jolted up and down in the cockpit.
    Ivan Gazidis to take Aaron Ramsey to AC Milan?

    Ivan Gazidis to take Aaron Ramsey to AC Milan?

    The Serie A champions are six points clear at the top of the table in Italy and manager Massimiliano Allegri is a huge fan of 27-year-old Wales worldwide .
    Ryan Coogler May Direct Smaller Film Before 'Black Panther 2'

    Ryan Coogler May Direct Smaller Film Before 'Black Panther 2'

    The Hollywood Reporter says the accomplished director has agreed to return to direct and write the sequel. When all said and done, the film brought in $700 million domestically and $1.35 billion worldwide.
  • Mental health appointment applauded by charity

    Mental health appointment applauded by charity

    One-quarter of young people who require mental health services are unable to get help from the N.H.S., the report found. According to the World health statistics in 2017, in the world the number of suicides is twice the number of murders.
    Lindsey Buckingham 'sues Fleetwood Mac for $14m'

    Lindsey Buckingham 'sues Fleetwood Mac for $14m'

    As we reported, though, Lindsey was kicked out before the band started its North American tour. Lindsey Buckingham has finally revealed the details of why he was sacked from Fleetwood Mac .

    Russian Space Crew Makes Emergency Landing

    The agency said search-and-rescue teams were en route to the landing location and were in contact with the two crew members. The Soyuz rocket and its Soyuz MS-10 space capsule lifted off from the Baikonur Cosmodrome in Kazakhstan at about 4:47 a.m.
  • Women Rule the 2018 American Music Awards

    Women Rule the 2018 American Music Awards

    This was not only the group's first American Music Award nomination, but it is also now their first award from this show. She encouraged everyone to get out and vote this midterm election cycle. "Go to vote.gov like Taylor Swift told you to".
    Volvo Cars and Nvidia strengthen ties for SPA 2 platform

    Volvo Cars and Nvidia strengthen ties for SPA 2 platform

    Jensen Huang, Nvidia's CEO and founder said that if automated driving is done right, it will improve safety and driving comfort. Earlier NVIDIA said that its software is capable of tracking movement of the head and eyes of the driver.
    Theresa May verging closer to Brexit deal but is facing cabinet resignations

    Theresa May verging closer to Brexit deal but is facing cabinet resignations

    The rebate, negotiated by Margaret Thatcher in 1984, sees a 66% reduction applied to the UK's net contribution to the European Union budget.
  • Climate Change Is Bad for Our Mental Health

    Climate Change Is Bad for Our Mental Health

    The researchers examined the data gleaned from the questions and paired it up with climate data that was local to each respondent. What researchers found was that even a moderate temperature increase could have a negative effect on one's mental well-being.
    Alok Nath to file defamation case against Vinta Nanda and Sandhya Mridul?

    Alok Nath to file defamation case against Vinta Nanda and Sandhya Mridul?

    She said, "I was motivated by Tanushree, seeing her speaking up I felt that I should also speak". The woman added, "I was shell-shocked; I couldn't muster the courage to speak up against him".
    Hurricane Michael: 'Unimaginable destruction after monster storm'

    Hurricane Michael: 'Unimaginable destruction after monster storm'

    Sheriff Smith said the 12,000 residents of Franklin County received evacuation warnings from multiple sources, including Mr. The damage at Bay Medical Sacred Heart included blown-out windows and a cracked exterior wall but no patients were hurt.


Most liked

Patisserie Valerie to stop trading without immediate cash injection
In the six months to 31 March this year the group reported revenue of £60.5m, a 9pc increase year-on-year. It also has a partnership with Sainsbury's supermarket.

Tilda Swinton posed as an old man in elaborate hoax for Suspiria
Guadagnino further explained that Swinton playing Klemperer ensured "there will always be this element of femininity at its core". The (not-so-kept) secret is out: Tilda Swinton has confirmed she is the actress playing 82-year-old male psychiatrist Dr.

Wildlife ranger killed by crocodile in northern Australia
A FEMALE Aboriginal Ranger has been taken by a crocodile in East Arnhem Land today, NT Worksafe has been notified. The crocodile was destroyed by local Indigenous rangers and the woman's body was recovered.

You will be able to watch the royal wedding on Youtube tomorrow
The presence of so many royals - and a number of celebrity guests - has prompted extra security measures to be put in place. The couple got engaged in January when Brooksbank, 32, proposed during a holiday trip to Nicaragua in Central America.

W Series is a new, women-only race series
Indy Lights series and who has competed six times in the Indianapolis 500, declared the latest move "a sad day for motorsport". Sadly the #HandmaidsRacingSeries now lives. "When I was karting as a boy, I raced a few girls who were talented and quick".

Au launches men's mental health campaign to stop 'the silent killer'
It offloads, it releases, it provides a space for the intense feelings of stress and panic that can overwhelm and debilitate. The support is there, everyone understands, the help is ready and waiting.

Usain Bolt scores two goals on first start for professional side
A mix-up between the two saw them collide and left Bolt with an open goal to slot the ball into. The Jamaican added a second wit 67 minutes gone.

Will Smith Reveals New Poster For Live-Action ‘Aladdin’ Remake
The big difference here is that Aladdin is directed by Guy Ritchie , as in the guy behind Snatch (yay!) and King Arthur (boo!). The new Aladdin is one of several upcoming live-action adaptations of Disney's library of animated classics.

Former Clemson QB Kelly Bryant has 2 visits planned, source says
Bryant has scheduled a visit to North Carolina for this weekend and Arkansas next weekend, a source told The State . The newspaper reports Bryant will officially visit Arkansas for the Razorbacks' game against Tulsa on October 20.

Real Madrid reacts after being dragged into Ronaldo’s rape allegation
Mayorga's attorneys, Leslie Stovall and Larissa Drohobyczer, did not immediately respond to telephone, email and text messages. Ronaldo recently denied the allegations on Twitter, saying that "I firmly deny the accusations being issued against me".

Air India flight with 136 on board hits airport wall (PHOTOS, VIDEOS)
The flight diverted to Mumbai and landed safely at about 5.35 AM in Mumbai and taxied on its own power to the parking stand. Another flight has been arranged to take the passengers from Mumbai to Dubai, Air India said.

The Creator of the Android Phone Now Wants to Destroy It
In the past year , the company has been clouded by sexual harassment allegations involving Rubin's time at Google. Essential could show a prototype off as early as January at CES.

Three women claim sexual harassment by director Sajid Khan
What happens next is that he finishes his cardio and walks up to me asking me about my b**bs and making that kind of conversation. She would be furthermore humiliated by him with comments on her breast and ass being non-existent for her to be an actress.

Washington state's supreme court strikes down death penalty
It was the furthest any death penalty measure had gotten in the state Legislature after several years of effort. The eight people now on death row in the north-western state immediately had their sentences commuted to life.

UNC prof proposes distinguished grad award for Blasey Ford
Senate confirmed Kavanaugh to the Supreme Court Saturday with a 50-48 vote and he was sworn in that night in a private ceremony. The letter nominating Ford for the UNC award explains that she should be recognized for her bravery in coming forward.