Culture secretary Jeremy Hunt has given News Corp the go-ahead to buy the 61 per cent of BSkyB it does not already own.
He accepted a compromise deal from News Corp which will see Sky News spun off into an independent public limited company – subject to a short consultation which expires on 21 March.
News Corp’s shareholders will take a 39.1 per cent stake in the new company and ‘to ensure editorial independence and integrity in news reporting” it will have a board made up of a majority of independent directors.
You've reached your limit of free articles
Please register now to continue reading
Already registered? Log in here