With Eyes on Time Warner, Murdoch Pockets European Satellite Cash

Rupert Murdoch in Beverly Hills on April 29, 2013 Photograph by Jonathan Alcorn/Bloomberg

In the television business, consolidation continues to beget more consolidation. Witness the big deal on Friday, July 25: Rupert Murdoch’s 21st Century Fox announced that, as expected, the company will sell Sky Italia and its 57.4 percent stake in Sky Deutschland to British Sky Broadcasting (in which 21st Century Fox is a minority owner) for upwards of $9 billion.

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