News Corp seeks BSkyB control
June 22, 2010 by Julian Clover
News Corp is preparing to make an improved offer to purchase the remaining 61% of BSkyB it does not already own and take control of satellite broadcaster after an initial rebuttal from the latter’s independent directors.
The proposal, which is still at a preliminary stage, would be subject to a number of regulatory and financing pre-conditions and the directors believe this could add considerable uncertainty as to when and if a formal offer might be made. Read the Story »
EU court throws out Mediaset digital TV appeal
June 22, 2010 by Robert Briel
The European Court of Justice (ECJ) threw out an appeal from the Italian media group Mediaset on June 15, ordering that illegal state aid must be recovered. The case was brought about by Sky Italia and Europa 7 amongst others, claiming the subsidy for digital terrestrial receivers was unfair against satellite broadcasters. The court confirmed the aid was not technology neutral. Read the Story »
