Monday, 12 February 2018

21st Century Fox commits to Sky News independence in bid to seal takeover

21st Century Fox (21CF) has offered to strengthen guarantees of Sky News' independence in an attempt to win regulators' backing for its takeover of Sky plc, the UK's biggest pay-television broadcaster.
The US-based media group has tabled a package of what it described as "firewall remedies" to the Competition and Markets Authority (CMA), including a pledge to establish an independent Sky News editorial board that would remain free of any influence by 21CF employees.
21CF would also guarantee the continued funding of Sky-branded news services for at least five years, and would have to disclose any effort to interfere with Sky News' editorial agenda by 21CF to the Secretary of State for Digital, Culture, Media and Sport.

Documents published by the CMA on Monday revealed the additional safeguards proposed by 21CF as it seeks to bring its 14-month pursuit of Sky to a swift conclusion.

SKY          News.

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