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| Version 1 | Version 2 |
|---|---|
| Murdoch proposes Sky News sale to Disney | Murdoch proposes Sky News sale to Disney |
| (35 minutes later) | |
| Rupert Murdoch's 21st Century Fox has said it would sell off Sky News to Disney or ring-fence it to try to allay regulatory concerns over its proposed acquisition of Sky. | Rupert Murdoch's 21st Century Fox has said it would sell off Sky News to Disney or ring-fence it to try to allay regulatory concerns over its proposed acquisition of Sky. |
| Fox wants to buy the 61% of Sky it does not already own. | Fox wants to buy the 61% of Sky it does not already own. |
| But it faces regulatory problems after the Competition and Markets Authority found the £11.7bn deal was not in the public interest. | But it faces regulatory problems after the Competition and Markets Authority found the £11.7bn deal was not in the public interest. |
| Fox had already pledged to ensure the independence of Sky News. | Fox had already pledged to ensure the independence of Sky News. |
| The Murdoch family's news outlets are currently consumed by nearly a third of the UK's population across TV, radio, online and newspapers. | The Murdoch family's news outlets are currently consumed by nearly a third of the UK's population across TV, radio, online and newspapers. |
| The Murdoch Family Trust controls News Corporation, which publishes newspapers including The Sun and The Times. | |
| What is the ring-fencing proposal? | |
| Under the new proposed deal, the news channel would become a distinct company within Sky, run by the head of Sky News. | Under the new proposed deal, the news channel would become a distinct company within Sky, run by the head of Sky News. |
| Funding for Sky News would also be guaranteed for 15 years. | Funding for Sky News would also be guaranteed for 15 years. |
| The executive chairmen of Sky, Rupert Murdoch and his son Lachlan, and the chief executive, Chase Carey, would not try to influence editorial decisions made by the head of Sky News, according to a statement by 21st Century Fox. | The executive chairmen of Sky, Rupert Murdoch and his son Lachlan, and the chief executive, Chase Carey, would not try to influence editorial decisions made by the head of Sky News, according to a statement by 21st Century Fox. |
| The company had already proposed remedies to the CMA's concerns, including having an independent board for Sky News. | |
| However, critics of that proposal, including politicians such as Ed Miliband, Vince Cable and Kenneth Clarke, had said that the head of Sky News would still be appointed by the head of 21st Century Fox and so could be influenced by the Murdochs. | |
| Fox hit back at those politicians on Tuesday, saying their assertions were "unsupported and fanciful". |