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Thursday 21 Sep 2017 @ 13:02
Department for Digital, Culture, Media and Sport
Department for Digital, Culture, Media and Sport
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Update on the Culture Secretary's consideration of the proposed merger between 21st Century Fox Inc. and Sky Plc.
Culture Secretary refers proposed merger between Sky Plc and 21st Century Fox to the CMA.
The Secretary of State for Digital, Culture, Media and Sport yesterday referred the proposed merger between Sky Plc and 21st Century Fox to the Competition Markets Authority (CMA) for a Phase 2 investigation on the media plurality and genuine commitment to broadcasting standards media public interest grounds. The CMA have 24 weeks in which to report back (extendable by up to eight weeks in certain circumstances).
The terms of reference of the formal referral and related letters are available here.
Correspondence between Sky and 21st Century Fox and the Department for Digital, Culture, Media and Sport on the proposed merger were also published yesterday .
Channel website: https://www.gov.uk/government/organisations/department-for-culture-media-sport
Original article link: https://www.gov.uk/government/news/update-on-the-culture-secretarys-consideration-of-the-proposed-merger-between-21st-century-fox-inc-and-sky-plc--2
Original article link: https://www.gov.uk/government/news/update-on-the-culture-secretarys-consideration-of-the-proposed-merger-between-21st-century-fox-inc-and-sky-plc--2
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