Media Matters responds to the latest setback for 21st Century Fox’s bid to take over Sky
Blog ››› ››› MEDIA MATTERS STAFF
Media Matters for America President Angelo Carusone released the following statement after U.K. Culture Secretary Karen Bradley announced that she was “minded” to refer 21st Century Fox’s bid to take over Sky PLC to the U.K. Competition and Markets Authority on grounds of media plurality:
The government should not approve 21st Century Fox’s bid to take over Sky. It’s alarming that the company’s demonstrated culture of malfeasance and governance deficiencies borne out of Executive Chairman Rupert Murdoch’s commitment to advancing his personal political agenda has not already been sufficient to warrant outright rejection.
The soft touch to which the government is treating Murdoch’s bid is also revealing -- it seems to come in part because of the disproportionate amount of political power and influence that Murdoch wields. As Secretary Bradley accurately notes, this takeover will give Murdoch even more power and influence. That kind of disproportionate control, especially in the hands of an already destructive entity, is not in anyone’s interest except Murdoch’s.
Beware Murdoch’s promises and assurances. As we have noted, he has made an awful lot of them in the past in order to a secure a deal, only to swiftly disregard his word once the deal was finalized.
In mid-June, Media Matters for America President Angelo Carusone sent a letter to the U.K.'s chief broadcasting regulator, Ofcom, highlighting a number of recent developments -- all of which concern Fox News -- that are pertinent to Ofcom’s investigation into the potential takeover of Sky PLC by Rupert Murdoch’s 21st Century Fox, Fox News’ parent company.
The recent developments detailed in Media Matters' letter to Ofcom further underscore that Murdoch and his sons fail to satisfy the conditions necessary to acquire British satellite broadcasting company Sky in full and expose dangers that the bid for Sky would pose to the British public and media landscape.
The letter from Carusone follows a March 30 report Media Matters submitted in partnership with global activism group Avaaz to Ofcom that detailed the risks Murdoch’s desired takeover of Sky poses to British broadcasting standards.
Before that, Media Matters and Avaaz submitted a report to Secretary Bradley of the U.K. Department for Culture, Media and Sport that demonstrated that the risk of Foxification is too great to simply rubber-stamp a Murdoch takeover. On March 16, Bradley referred Murdoch's takeover bid to Ofcom for a thorough investigation on the grounds of "media plurality and commitment to broadcasting standards." The findings of the Ofcom investigation are due by June 20.
21st Century Fox already owns 39.1 percent of Sky. Murdoch abandoned a previous bid for full ownership in light of an investigation into mass hacking at his U.K.-based newspapers. Following an investigation, a parliamentary report found that Murdoch was “not a fit person” to run a major corporation and that his son James (who at the time ran the parent company of News Of The World and The Sun; he is now the CEO of 21st Century Fox) showed “wilful ignorance” of the industrial-scale hacking. In September of 2016, it was reported that Fox News had engaged in similar tactics, hacking the phone of Media Matters reporter Joe Strupp.