Murdoch steps aside as Comcast secures Sky

Sky logo on studios

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.

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.

"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:



Most liked

Fyre Festival founder Billy McFarland sentenced to six years in prison
McFarland continues to face a multimillion-dollar class action lawsuit from ticket-holders. Kim said in a statement a year ago when he announced the charges against McFarland.

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.

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.

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.

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.

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.

Lenovo tops worldwide PC market in flat quarter
Research firm Gartner's figures show that PC shipments grew YoY in the second quarter for the first time since Q1 2012. By IDC's metric, overall PC devices shipped had reduced year over year, from 67,971 in the third quarter last year.

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 .

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".

Owner of Company Behind Deadly NY Limo Crash Was FBI Informant
During the Albany trial, there was testimony that the informant's recorded conversations with the Albany targets were in Urdu. In more recent years, he was the owner of a low-budget motel, the Crest Inn Suites and Cottages, outside Saratoga Springs.

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.

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'
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.

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.

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.