- Rupert Murdoch has pulled Fox News (FOX +0.9%, FOXA +0.9%) off the Sky (SKYAY +0.3%) broadcast platform in the UK, saying it costs too much to provide the channel to just a few thousand viewers there.
- The move is nominally unrelated to Fox's $14.7B bid to take control of the 61% of Sky it doesn't own, a bid that has run into regulatory hurdles and could hit a months-long approval process.
- But some opponents of the deal point to Fox News and its conservative bent as a reason to tightly follow media plurality regulations.
- “We have concluded that it is not in our commercial interest to continue providing Fox News in the UK," Fox says in a statement.
- Previously: UK regulator submits new report on $14.7B Fox-Sky deal (Aug. 25 2017)
- Previously: In blow to Fox, UK regulator asked to take new look at Sky deal (Aug. 08 2017)
- Now read: Nasdaq 100 'Safer' Dividend Dogs Led By Fox And Seagate, Per August Broker Targets
Original article