Sky News will be operated by an independent trust – funded by News Corporation – in the latest proposal Rupert Murdoch has made to secure his purchase of the remaining 61 per cent of BSkyB his media empire does not already own, according to the Daily Telegraph.
In theory, it will mean News Corp will have no direct influence over Sky News’ output – an issue that has resulted in rivals campaigning for the buy-out to be rejected on the basis of media plurality, out of concern for Murdoch’s influence within the British media.
Culture secretary Jeremy Hunt, who will decide whether the deal will be subject to a six-month review by the Competition Commission, has said he is waiting to hear the conclusions of the Office of Fair Trading and Ofcom before he comes to a decision regarding the bid. Murdoch’s new proposal has been made in an effort to avoid that review, which could see the price of BSkyB rise during the process.
(Source: The Telegraph)