Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

British rival media say BSkyB go ahead is whitewash

LONDON, March 3, 2011 – An alliance of British media groups including BT, the Telegraph Media Group and Guardian Media Group said Thursday that the government go-ahead for News Corp.\’s bid for full control of BSkyB was a "whitewash."

The group, which bitterly opposes the deal, said it will "vigorously contest" the government\’s decision to allow News Corp. to proceed with a bid that rivals believe should be blocked on competition grounds.

A spokesman for the alliance dismissed the proposal by Rupert Murdoch\’s News Corp. to spin off its Sky News TV channel to allay such concerns as "pure window-dressing.

"Smoke and mirrors will not protect media plurality in the UK from the overweening influence of News Corporation," the spokesman said.

"In addition, the undertaking does nothing to address the profound concerns that the takeover would give News Corporation greater power to restrict or distort competition through cross-promotion, bundling, banning rivals\’ advertisements and distorting the advertising market with cross-platform deals."

The spokesman added: "We shall be vigorously contesting this whitewash of a proposal during the consultation period, as well as examining all legal options."

The proposal to spin off the loss-making Sky News allowed Britain\’s Culture Minister Jeremy Hunt to give the green light for News Corp.\’s bid to take control of the some 60 percent of the shares in BSkyB it does not already own.

The deal now faces a period of consultations before Hunt announces his final decision on March 21.

The alliance of those opposed to the deal also includes Trinity Mirror, publishers of The Mirror tabloids which are in close competition with The Sun and the Sunday tabloid News of the World, both owned by News Corp.

Advertisement. Scroll to continue reading.

Associated Newspapers, owners of the popular Daily Mail and Mail on Sunday tabloids, and Northcliffe Media also oppose the deal.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...