British culture minister Lisa Nandy has ordered the Competition and Markets Authority alongside Ofcom to evaluate Sky's acquisition of ITV's broadcast operations. The investigation centers on how the combined entity might concentrate influence over public information and media variety. Regulators have been instructed to deliver their formal assessments by January 27. Following the completion of these reviews, Nandy will present the regulatory findings directly to parliament.
Key points
Government scrutiny was driven by deep concerns regarding how the buyout could impact nat…: Government scrutiny was driven by deep concerns regarding how the buyout could impact national news plurality.
Watchdogs are specifically evaluating Sky's overall influence and the continued availabil…: Watchdogs are specifically evaluating Sky's overall influence and the continued availability of diverse broadcast programming.
Parliament will receive an official update from the culture minister after she reviews th…: Parliament will receive an official update from the culture minister after she reviews the regulators' submitted findings.
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LONDON, Nov 4 : British culture minister Lisa Nandy formally intervened in Sky's proposed acquisition of ITV's broadcast business on Wednesday, saying she had asked the Competition and Markets Authority and Ofcom to provide reports on the impact of the deal by January 27.
Nandy said last month she was minded to intervene in the £1.6 billion ($2.15 billion) deal, citing concerns about its potential impact on news plurality, Sky's influence over the media landscape and the availability of a broad range of programming.
Nandy said she would update parliament after considering both reports.
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