Thursday, July 14, 2011

Murdoch's BSkyB Purchase Cancel

LONDON - News Corp. yesterday canceled a plan to eventually take over the television station BSkyB. The decision was taken following a barrage of pressure from the British parliament.

Lower House (House of Commons) on Wednesday afternoon is planned to hold a hearing to decide a vote of sales refusal BSkyB to media tycoon Rupert Murdoch. Parties urged parliament owner News Corp. is to give up its ambitions to occupy a fairly large television network in the UK. Although the motion has no legal force, but the move could put pressure on Murdoch.

BSkyB takeover of the cancellation decision was announced just two hours before the scheduled session of parliament. Murdoch was originally intended to have 62 percent of BSkyB shares through purchases will be made by News Corp. Enterprises Supervisory Authority concerned about Murdoch's British media monopolies will do with those purchases.

Prime Minister David Cameron welcomed the decision of News Corp.. Opposition Labor Party leader Ed Miliband said the cancellation of the takeover was a''victory for the people of this country who have been shocked by a phone tapping scandal.''

"No one should hold power without responsibility in this country,''he said.

Phone tapping scandal involving the News of the World appalling UK last week. Later, not only the News of the World that was allegedly involved wiretapping scandal, but also a number of other media including Murdoch's News International, Sunday Times, and The Sun.

Facilitating investigation

Earlier on the same day PM Cameron ensure it would ease the process of investigation in the case of wiretapping scandal involving the media company owned by Rupert Murdoch.

In front of the House of Commons, Mr Cameron said that he asked investigators to examine the politicians, media owners, editors and media to look for bright spots in the case. He also expressed his willingness to be examined as a witness if requested.

Cameron said they were determined guilty in a scandal involving Mingguang tabloid News of the World should not be allowed to run a media business in the UK. To members of parliament he added that the tabloid's parent company, News Corp., will also be urged to stop thinking to take over BSkyB. He urged Murdoch to focus on wiretapping case involving his media.

"What happened at the company's reprehensible, it should be addressed at every level and they have to stop thinking about the merger when they have to sort out the mess they created," says Cameron.

He said the investigation would begin''as soon as possible''and will include two things, namely related to violations and abuses of the press by the police as well as study the regulation of the press. British prime minister added that Lord Justice Leveson, assisted a member of an independent panel, will make a number of recommendations to better manage the press that''supports freedom, plurality and independence of the press from government but with professional standards and high ethical''.

Cameron will also make a number of recommendations to govern the relationship between politicians and the press.

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