Rupert Murdoch’s Empire Grows

Jane Wardell reports on the takeover plan by News Corp. of satellite TV operator British Sky Broadcasting Group PLC.

Rupert Murdoch

LONDON — Rupert Murdoch’s global media empire is poised to grow ever bigger after the British government approved plans by News Corp. to buy full control of satellite TV operator British Sky Broadcasting Group PLC.

In a controversial move, the Conservative-led coalition said Thursday it will give News Corp. the green light to buy the remaining 61 percent of BSkyB it does not already own – on the condition that it spin off its Sky news channel as an independent company.

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http://www.huffingtonpost.com/2011/03/03/news-corp-takeover-of-bsk_n_830703.html

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