Sábado, 25 Noviembre, 2017

Sky share price: Fox unlikely to offer remedies over deal

FTSE 100 preview Index looking up as earnings season looms Sky share price: Fox unlikely to offer remedies over deal
Malita Javier | 16 Julio, 2017, 05:37

The British government ruled that Murdoch's 21st Century Fox should not be allowed to purchase Sky without a further investigation.

United Kingdom media regulator Ofcom said there was a risk the deal could increase Murdoch's influence over British politics and public opinion. He already controls three major newspapers - The Sun, The Times and The Sunday Times.

21st Century Fox's proposed takeover of European satcaster Sky faces a lengthy enquiry over its effect on media plurality in the United Kingdom after the USA company reportedly ruled out making concessions.

The takeover plan had already received the green light from the European Commission's competition authorities, which said its market investigation had found the proposed transaction "would raise no competition concerns", and from media watchdogs in Ireland.

1ST Source Bank Lowers Position in Amgen Inc. (NASDAQ:AMGN)
Hbk Sorce Advisory Llc increased Schwab Strategic Tr (SCHM) stake by 19,584 shares to 663,223 valued at $29.95 million in 2016Q4. Baird restated a "neutral" rating and issued a $165.00 target price on shares of Amgen in a research note on Friday, March 17th.

Fox said in a statement it would "continue to work constructively with the United Kingdom authorities", adding it expected any further review to take at least 24 weeks.

Fox previously said that if the competition enquiry were to go ahead, it would expect the deal to be closed by June 30 next year.

Fox would have to pay Sky £200 million as a break fee if it fails to close the deal. It would oversee the appointment of the head of Sky News and any changes to Sky News editorial guidelines.

Sky agreed to sell the remaining 61% of its business not owned by Fox late past year.

Suspect in beating death of United States tourist in Greece is jailed
Video footage from a security camera that aired on Greek television shows Henderson running down the sidewalk and being pursued. One man tackles him, throwing him onto a parked auto before others join in the beating.

Ofcom said it had considered allegations of sexual and racial harassment at Fox News, calling them "extremely serious and disturbing".

"It seems clear that there were significant failings of the corporate culture at Fox News", Ofcom said, adding that the failings were not serious enough to disqualify Fox from holding a United Kingdom broadcasting license.

Sky's share price has lost ground in London this morning, having shed 0.72 percent to 968.00p as of 08:41 BST, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now 0.08 percent worse off at 7,407.76 points.

Rupert Murdoch's recurring dream of owning Britain's biggest pay TV provider won't become reality until at least 2018. A previous bid collapsed in 2012 in the wake of a phone-hacking scandal at his British newspapers.

Man arrested after body found in trunk of auto in Mansfield
Dequalan Dejuan Harris of Cedar Hill has been charged with Obstructing Official Business, Resisting Arrest and Abuse of a Corpse. Saturday morning and asked to check a residence for a woman reported missing from the Cedar Hill, Texas, jurisdiction.

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