United Kingdom probe into Fox-Sky deal to assess Murdoch influence

United Kingdom probe into Fox-Sky deal to assess Murdoch influence

It reported that the first series of home-grown drama Riviera achieved 20 million downloads, becoming its highest ever rated Original commission and Game of Thrones became the most watched series ever on Sky.

However, this was an improvement on previous year, when more than 50% opposed Mr Murdoch's reappointment.

When asked by the culture, media and sport select committee about how the decision was reached White said that a thorough review had been carried out adding "We did not find a particular concern that would have caused us to believe that Sky News in particular and Sky as a broadcaster, post-transaction, would not be a fit and proper broadcaster", adding that Sky "currently has a very strong record of compliance on broadcasting".

The competition watchdog has said it will assess whether Rupert Murdoch would be able to control or influence editorial decisions at Sky News as one of the key points of its investigation into his £11.7bn Sky takeover bid.

Its core earnings rose 11pc to £582m.

Shareholder advisory groups - including Institutional Shareholder Services (ISS), Glass Lewis and Pirc - have called on investors to vote against his re-election at Sky's annual general meeting and also to rebel against what they claim are potentially "excessive" pay plans.

Twenty-First Century Fox, which already owns 39 percent of Sky, agreed to buy the rest of the company in December 2016, a deal which is now being reviewed by Britain's competition regulators.

More news: American family kidnapped by Afghan Taliban freed: Pakistan army

21st Century Fox has welcomed a statement from the UK's Competition and Markets Authority which today set out more detail about what it intends to examine in its investigation into the proposed takeover of Sky by Fox.

Mr Darroch said it was a strong start to the new financial year: "Against the backdrop of pressure on consumer spending and lower spend on United Kingdom television advertising, we were particularly pleased with our own EBITDA growth of 15% in our established business".

Mr Murdoch won 51% of votes cast by independent shareholders at the annual general meeting - up from 49% a year ago.

The CMA is required to report back with its recommendations within six months of opening the investigation.

She said on Wednesday that the final decision on the deal would be based on evidence and not "personal emotion or feelings".

"And our judgement was that the behaviour, particularly at Fox News, was extremely serious and disturbing".

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