Fox: competion review of plurality of media and broadcasting standards for the Sky acquisition

The British Minister of Culture, Media and Sport, Karen Bradley, will ask the UK Competition and Markets Authority (CMA) to open an in-depth investigation into the acquisition of the British group Sky plc by the American media conglomerate 21^st Century Fox, which focuses on the commitment of both groups to broadcasting standards and a review of potential plurality of the media market, stated Bradley to Parliament on 14/09/2017. The Minister will publish her decision to return the matter to the CMA in the coming days. The CMA has 24 weeks (approximately six months) to conduct the review and advise the Minister, who will make her final decision and, if for approval, will communicate the conditions of the acquisition.

21^st Century Fox and Sky expressed their disappointment in a letter to Karen Bradley, stating that the minister "had changed her mind and decided not to follow the advice of the independent and expert regulator Ofcom regarding broadcasting standards, but informing her that we did not intend to make further representations and encouraged her to make a prompt referral." In…