media ownership

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News Corp Wins Approval for BSkyB Deal; Sky News to Be Spun Off
 Brits OK Murdoch Mega TV Deal 
Mar 3, 2011 3:03 AM CST

Brits OK Murdoch Mega TV Deal

News Corp to buy BSkyB, spin off Sky News

(Newser) - The British government has given the green light to Rupert Murdoch's biggest deal in the nation for decades. Murdoch's News Corp will be allowed to increase its stake in pay-TV giant British Sky Broadcasting from 39.1% to 100%, on the condition that it spin off its Sky News subsidiary...

Daily Beast, Newsweek Kill Merger Talks

Tina Brown, Stephen Harman unable to agree on editorial control

(Newser) - The Daily Beast and Newsweek have pulled off a pre-marital divorce, reports the Wall Street Journal , with merger talks breaking down over the weekend over the finer points of editorial control. Though both parties stood to save costs by consolidating the editorial staff, the Journal notes that Beast co-owners Tina...

A Bailout Would Be a Disaster for Journalism

Future of journalism depends on paid content

(Newser) - Journalism has a bright future, despite the challenges of the digital age—but that future won't come for free, says Rupert Murdoch. Media companies that give people the news they want will be able to charge for it, he predicts in an op-ed piece in the Wall Street Journal , and...

S. Korean Parliament Brawls Over Media Bill

(Newser) - Parliamentary debate over the relaxation of media ownership rules in South Korea descended into fisticuffs today, AFP reports. After negotiations stalled, the ruling conservative Grand National Party moved to vote on the reform, which will allow newspapers to own a greater stake of television media. In response, MPs of the...

Obama to Name Tech Adviser as FCC Chair

Genachowski choice praised by media reform movement

(Newser) - Barack Obama is expected to announce Julius Genachowski as his FCC chairman, and media reform groups are enthusiastic about the choice, Ars Technica reports. Genachowski served in the FCC during the Clinton administration and in the dot-com industry before becoming Obama’s technology adviser. He helped craft the President-elect’s...

Murdoch Closing In on Newsday Deal

Media mogul about to grab third New York paper

(Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post, but the papers would remain separate...

FCC Loosens Cross-Media Ownership Ban

Newspapers, local TV stations can share parent company

(Newser) - The FCC loosened a 32-year-old ban on simultaneous ownership of a newspaper and a radio or TV station in the same city today, the Washington Post reports. The commission voted 3-2 along party lines after a dispute-filled meeting. Afterward, one of the Democratic commissioners said, "Powerful companies are using...

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