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U.K. Withholds Approval Of Murdoch's $15B Sky Bid

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Rupert Murdoch's bid for Sky has hit another roadblock.Murdoch wants to buy Sky Media for $15 billion but he needs the governments approval in order to move forward.On Thursday Karen Bradley, the U.K. culture secretary, has announced the country's government is withholding its approval of the deal.Bradley said the transaction raises public interest concerns because it could give the family of Rupert Murdoch too much influence over British media.Bradley said the proposed company would have the third largest total reach of any news provider in the U.K..The company would uniquely span television, radio, newspapers and digital publications.Murdoch and Sky have until July 14 to respond to Bradley's concerns. http://rss.cnn.com/~r/rss/edition_ent... http://www.wochit.com This video was produced by YT Wochit Entertainment using http://wochit.com

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Rupert Murdoch United Kingdom Karen Bradley Murdoch Family Trust London Boroughs Sky Plc British Brands Sky UK British Sky Broadcasting News Corporation Fox
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