Havre Daily News - News you can use

By Tristan 

Murdoch backs off on effort to buy Sky TV

 


LONDON (AP) — In a stunning retreat, Rupert Murdoch's News Corp. media empire dropped its bid Wednesday to take over full control of British Sky Broadcasting amid a political and legal firestorm over phone hacking at one of its British newspapers

Murdoch was forced to step back from the biggest battle of his career over a lucrative prize, accepting that he could not win government acceptance of the takeover as Britain's major political parties had united against it.

"It has become clear that it is too difficult to progress in this climate," News Corp. deputy chairman and president Chase...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021