Murdoch must wait extra month to learn fate of Fox-Sky deal

Bill O'Reilly forced out at Fox News

Rupert Murdoch will have to wait one more month to learn the fate of his planned takeover of British pay TV provider Sky.

U.K. culture secretary Karen Bradley said Friday which she will give regulators extra time to review the contentious deal because of snap national elections scheduled for early June.

The decision coming from media regulator Ofcom, which had been due by May 16, must today be wrapped up before June 20.

The £18.5 billion deal struck by Murdoch in December would certainly give his 21st Century Fox (FOX) control over the roughly 60% of Sky (SKYAY) which This particular doesn’t already own.

The deal has attracted the attention of government ministers along with also regulators because of concerns which Fox’s ownership of Sky would certainly reduce the mix of viewpoints available in British media. Murdoch already owns three of Britain’s biggest newspapers: The Sun, The Times along with also The Sunday Times.

Ofcom could also kill the deal if This particular decides which Murdoch along with also 21st Century Fox do not meet the standard of “fit along with also proper” owners. The criteria for the designation are broad: The regulator says This particular considers “any relevant misconduct” when administering its “fit along with also proper” test.

The review comes amid unprecedented turmoil at another Murdoch property: Fox News.

In just nine months, the U.S. cable news channel has lost its founder along with also its biggest star to sexual harassment scandals.

Former CEO Roger Ailes was shown the door in July following accusations of misconduct. On Wednesday, anchor Bill O’Reilly was also given the boot.

Related: Nine months of sex harassment scandals take down two Fox News icons

Alice Enders, head of research at Enders Analysis, told CNNMoney earlier This particular month which accusations of sexual harassment at Fox are unlikely to sink the Sky deal. however Ofcom will examine whether Fox executives erred in not telling investors about the claims made against O’Reilly.

Sky has 22 million customers in all 5 European markets: Italy, Germany, Austria, the U.K. along with also Ireland. This particular is usually the largest pay TV provider in Britain.

European anti-trust regulators have already given their blessing to the deal.

CNNMoney (London) First published April 21, 2017: 9:20 AM ET

Source : Murdoch must wait extra month to learn fate of Fox-Sky deal

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