Will Rupert Murdoch Get Another Shot at BSkyB?
To borrow a phrase, all happy exits are alike; every unhappy exit is unhappy in its own way. In the case of James Murdoch, the son of Rupert Murdoch who announced his resignation as chairman of British Sky Broadcasting Group on April 3, the exit looks like a ritual sacrifice. The 39-year-old James is expected to be targeted for criticism in an upcoming parliamentary report into phone hacking at News Corp.’s U.K newspaper unit. While that alone could have precipitated a departure, analysts suggest that something far more strategic is under way. “News Corp. would like to revive its bid for BSkyB in due course,” says Claire Enders of Enders Analysis, a London-based media consultancy. “It is in the interest of News Corp. to have it appear and come across as a transaction as opposed to a Murdoch issue.”
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- World’s Biggest Wealth Fund Wants Out of Oil and Gas
- The Questionable Math Behind Manafort’s Extravagant Home Renovations