Murdoch's Sky-high ambitions stalled unless his company offers more concessions

Rupert Murdoch arriving at the 2015 Vanity Fair Oscar Party.
Rupert Murdoch arriving at the 2015 Vanity Fair Oscar Party. PHOTO: AFP

NEW YORK (WP) - Mr Rupert Murdoch faces drawn-out negotiations with British regulators in his effort to take full control of Sky after the government said it intended to refer the bid back for additional review unless 21st Century Fox offers steeper concessions.

Britain is inclined to refer the offer to the Competition and Markets Authority for a deeper investigation, Culture Secretary Karen Bradley said on Thursday.

However, she left the door open for a resolution by July 14 that would avoid a review, if Fox strengthens proposals it has made to ensure editorial independence at Sky News.

"The transaction raises public-interest concerns as a result of the risk of increased influence by members of the Murdoch family trust over the UK news agenda and the political process, with its unique presence on radio, television, in print and online," Ms Bradley said in a statement to the House of Commons.

Get The Straits Times
newsletters in your inbox