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Decision on Fox's Sky takeover due today Decision on Fox's Sky takeover due later
(about 7 hours later)
Culture Secretary Karen Bradley is to announce whether 21st Century Fox will be allowed to complete its takeover of Sky later today. Culture Secretary Karen Bradley is to announce later whether 21st Century Fox will be allowed to complete its takeover of Sky.
Ms Bradley asked regulator Ofcom to decide if the deal was in the public interest, especially around media plurality and broadcasting standards.Ms Bradley asked regulator Ofcom to decide if the deal was in the public interest, especially around media plurality and broadcasting standards.
Fox owns 39% of Sky, but wants to buy the rest, and assume total control of the broadcaster.Fox owns 39% of Sky, but wants to buy the rest, and assume total control of the broadcaster.
The deal has been cleared by European Commission competition authorities.The deal has been cleared by European Commission competition authorities.
This a quick guide to the issues involved:This a quick guide to the issues involved:
Why is the deal controversial?Why is the deal controversial?
Rupert Murdoch will control both 21st Century Fox and Sky while also owning The Times and The Sun newspapers.Rupert Murdoch will control both 21st Century Fox and Sky while also owning The Times and The Sun newspapers.
Opponents say this will give him too much power in the UK media.Opponents say this will give him too much power in the UK media.
Fox has also been hit by sexual harassment scandals at its flagship Fox News channel in the US. Some of the victims have given evidence to Ofcom.Fox has also been hit by sexual harassment scandals at its flagship Fox News channel in the US. Some of the victims have given evidence to Ofcom.
Why is Mr Murdoch keen on the takeover?Why is Mr Murdoch keen on the takeover?
Mr Murdoch is willing to spend £11.7bn on the deal - an indication of how badly he wants it to happen. Mr Murdoch is willing to spend £11.7bn on the deal - an indication of how much he wants it to happen.
Currently the two companies are separate, but if Mr Murdoch is successful, 21st Century Fox would gain access to Sky's 22 million customers in Europe.Currently the two companies are separate, but if Mr Murdoch is successful, 21st Century Fox would gain access to Sky's 22 million customers in Europe.
Fox argues that money it invests will benefit the UK's creative industries.Fox argues that money it invests will benefit the UK's creative industries.
If the deal is successful, does this mean Sky News will become a UK version of Fox News?If the deal is successful, does this mean Sky News will become a UK version of Fox News?
In short, no.In short, no.
Fox News is widely seen as being a conservative network with contributors such as former Republican Presidential candidates Newt Gingrich and Sarah Palin.Fox News is widely seen as being a conservative network with contributors such as former Republican Presidential candidates Newt Gingrich and Sarah Palin.
It is also supportive of President Trump.It is also supportive of President Trump.
The UK has rules that ensure broadcasters must pay attention to 'due impartialty' so Sky would be prevented from taking a similar route to Fox. The UK has rules that ensure broadcasters must pay attention to due impartiality so Sky would be prevented from taking a similar route to Fox.
Hasn't this deal been tried before?Hasn't this deal been tried before?
Fox first tried to buy Sky in 2011 but the deal fell apart after revelations about the hacking of murdered schoolgirl Milly Dowler's phone by the Murdoch-owned 'News of the World'. Fox first tried to buy Sky in 2011 but the deal fell apart after revelations about the hacking of murdered schoolgirl Milly Dowler's phone by the Murdoch-owned News of the World.
Then, as now, there was opposition from Labour and the Liberal Democrats as well as other media groups.Then, as now, there was opposition from Labour and the Liberal Democrats as well as other media groups.
After the 2011 debacle, Mr Murdoch split the broadcasting and film empire - Fox - away from his newspaper interests - News Corp.After the 2011 debacle, Mr Murdoch split the broadcasting and film empire - Fox - away from his newspaper interests - News Corp.
What happens now?What happens now?
Ms Bradley will have received the report from Ofcom on the broadcasting standards and plurality implications and will announce whether she will refer the deal to the Competion and Markets Authority. Ms Bradley will have received the report from Ofcom on the broadcasting standards and plurality implications and will announce whether she will refer the deal to the Competition and Markets Authority.