Cable Seeks Less Control of U.K. Media by Murdoch, Moguls

U.K. Business Secretary Vince Cable said he wants companies such as Rupert Murdoch’s News Corp. to control a smaller share of the country’s media as the government and regulators overhaul practices following the phone-hacking scandal.

“Having media moguls dominating is deeply unhelpful,” Cable said today on BBC Television. “What I want to see is a set of clear unambiguous rules about market shares so that we don’t have a dominant player.”