Murdoch’s Fox seeks to win bid approval by extending Sky News guarantee

The takeover is being closely watched in the US where Murdoch has agreed to sell a string of assets to the Walt Disney company, including Sky, for $52.4 billion. (Reuters)
Updated 20 February 2018
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Murdoch’s Fox seeks to win bid approval by extending Sky News guarantee

LONDON: Rupert Murdoch’s Twenty-First Century Fox has strengthened its offer to protect the independence of Sky’s loss-making news channel to try to overcome regulatory concerns about Fox’s takeover of the parent company.
Britain’s competition regulator has said Fox’s $15.7 billion deal to buy the 61 percent of Sky it does not already own should be blocked unless a way is found to reduce the influence Murdoch could wield through the ownership of Sky News.
The objections marked the latest twist in Murdoch’s eight-year battle to take control of Europe’s leading pay-TV company, forcing Fox to come back with more and more concessions to try to allay concerns about the deal and win regulatory approval.
The takeover is being closely watched in the US where Murdoch has agreed to sell a string of assets to the Walt Disney company, including Sky, for $52.4 billion.
Last week, Fox pledged to maintain and fund a fully independent Sky-branded news service for five years, and on Tuesday it upped this offer to run for 10 years.
It had already proposed to establish a fully independent board to oversee the 24-hour news network, including the appointment of its head, who will have sole responsibility for editorial strategy and staffing.
It said on Tuesday the Sky News board would now be required to prepare an annual statement confirming it had not come under any influence or attempted influence in the way it creates its editorial output.
“21CF (Fox) is willing to offer the revised undertakings” to address the objections raised by the regulator, Fox’s lawyers Allen & Overy said in a letter to the Competition and Markets Authority.


Arab media union discusses cooperation at Tunis gathering

Members of the Arab States Broadcasting Union meet at its headquarters in Tunis on Saturday. (SPA)
Updated 08 December 2018
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Arab media union discusses cooperation at Tunis gathering

  • The ASBU provides important services to members such as engineering and consulting services

JEDDAH: The executive council of the Arab States Broadcasting Union (ASBU) met on Saturday in Tunis to discuss media-related issues in the Arab world and to come up with suggestions to boost cooperation.

The ASBU provides important services to members such as engineering and consulting services, exchange of radio and television news and programs.

In early 2009, the ASBU officially launched its Multimedia Exchange Network Over Satellite MENOS. As a first of its kind, the MENOS network enables new business models and creates opportunities for its members as well as the Arab region’s potential users.

Last year, it published a book titled “The New Media Age” which addresses the issues of media and information in the digital era, and its different and advanced users.