UK Culture Secretary Receives Media Regulator Input On Fox-Sky Deal.

The UK Secretary of State for Digital, Culture, Media and Sport moved a little closer today to making a choice on whether to ask the Competition and Markets Authority to evaluate Sky that it does not currently own.The office, led by culture secretary Karen Bradley, states that it has actually gotten the” extra guidance”it sought early this month from media regulator Ofcom

.”The Secretary of State will now thoroughly consider that recommendations prior to making her choice on recommendation on the basis of all the proof before her, and will do so as quickly as is fairly practicable,” the office says.Details about

her request, and Ofcom’s response, will be released “in due course,” it adds.Last month

, Bradley said she was “still minded” to refer the deal to the Competitors and Markets Authority– but on concerns about its impact on media diversity, not Fox’s “dedication to broadcasting standards.”

The government has actually asked Ofcom to respond by today. That indicates a choice on whether the acquisition should go through a full competitors probe is likely to come after Parliament’s summer season recess in September.Fox decreased to

talk about today’s development.But CEO James Murdoch and co-chairman Lachlan Murdoch have stated that hold-ups in approving the deal would suggest that the UK is not as “open for service “as it declares to be.Competition reviews can use up to six

months to finish, possibly putting a choice off till 2018. That could present an issue for Fox: It’s on the hook to pay a ₤ 170 million($219 million )dividend to Sky shareholders if the deal does not nearby the end of the year.If the offer is scrapped, then Fox will have to pay Sky ₤ 200 million ($258

  Click the next ARROW to continue reading!








million ).