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Update on proposed Sky/Fox merger
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<blockquote data-quote="Topper" data-source="post: 1026839" data-attributes="member: 186250"><p><span style="font-size: 18px">Mr Speaker, I am here to give an update on the proposed merger between 21st Century Fox and Sky Plc, and my decision whether or not to refer the transaction for a full 6 month investigation by the Competition and Markets Authority (CMA).</span></p><p><span style="font-size: 18px"></span></p><p><span style="font-size: 18px">I should first remind the House that in my quasi-judicial role I must:</span></p><p><span style="font-size: 18px"></span></p><ol> <li data-xf-list-type="ol"><span style="font-size: 18px">Come to a decision on the basis of relevant evidence;</span></li> <li data-xf-list-type="ol"><span style="font-size: 18px">Act independently in a process that is fair and impartial; and</span></li> <li data-xf-list-type="ol"><span style="font-size: 18px">Take my decision as promptly as is reasonably practicable.</span></li> </ol><p><span style="font-size: 18px">I am committed to transparency and openness in this process and have been clear my decisions can only be influenced by facts, not opinions - and by the evidence, not who shouts the loudest.</span></p><p><span style="font-size: 18px"></span></p><p><strong><span style="font-size: 18px">Broadcasting standards</span></strong></p><p><span style="font-size: 18px">I have taken careful account of all relevant representations and Ofcom’s advice and have, today - as required by the legislation - written to the parties to inform them I am now minded-to-refer the merger to the CMA on the grounds of genuine commitment to broadcasting standards.</span></p><p><span style="font-size: 18px"></span></p><p><a href="https://www.gov.uk/government/news/statement-from-the-culture-secretary-on-the-proposed-sky-plc-21st-century-fox-inc-merger" target="_blank"><span style="font-size: 18px">Read full press release</span></a></p></blockquote><p></p>
[QUOTE="Topper, post: 1026839, member: 186250"] [SIZE=5]Mr Speaker, I am here to give an update on the proposed merger between 21st Century Fox and Sky Plc, and my decision whether or not to refer the transaction for a full 6 month investigation by the Competition and Markets Authority (CMA). I should first remind the House that in my quasi-judicial role I must: [/SIZE] [LIST=1] [*][SIZE=5]Come to a decision on the basis of relevant evidence;[/SIZE] [*][SIZE=5]Act independently in a process that is fair and impartial; and[/SIZE] [*][SIZE=5]Take my decision as promptly as is reasonably practicable.[/SIZE] [/LIST] [SIZE=5]I am committed to transparency and openness in this process and have been clear my decisions can only be influenced by facts, not opinions - and by the evidence, not who shouts the loudest. [/SIZE] [B][SIZE=5]Broadcasting standards[/SIZE][/B] [SIZE=5]I have taken careful account of all relevant representations and Ofcom’s advice and have, today - as required by the legislation - written to the parties to inform them I am now minded-to-refer the merger to the CMA on the grounds of genuine commitment to broadcasting standards. [/SIZE] [URL='https://www.gov.uk/government/news/statement-from-the-culture-secretary-on-the-proposed-sky-plc-21st-century-fox-inc-merger'][SIZE=5]Read full press release[/SIZE][/URL] [/QUOTE]
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Update on proposed Sky/Fox merger
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