Sky takeover bid - updated

Updated - campaign for Leveson to report

As you are probably aware, Sky has received an approach from 21st Century Fox to acquire the 61 per cent share of Sky that it does not yet already own.  
  
The 2017 Conservative manifesto committed to terminating Part 2 of the Leveson Inquiry. I understand that the Government is committed to doing this.  
  
The Government recently held a public consultation on the Leveson Inquiry and its implementation. I am informed that over 140,000 responses were received and Ministers will respond to the consultation in due course. 
  
Under the powers set out in the Enterprise Act 2002, the Secretary of State for Culture, Media and Sport has a quasi-judicial role that allows her to intervene on the basis of specified media public interest considerations. These considerations refer to the need for there to be a sufficient plurality of media ownership, for the availability of a wide range of high-quality broadcasting and for those with control of media enterprises to have a genuine commitment to broadcasting standards objectives.  
  
On 16 March 2017, the Secretary of State issued a European Intervention Notice on the grounds of media plurality and commitment to broadcasting standards. This decision was made after hearing representations from Sky, 21st Century Fox and many other third parties. 
  
This decision triggered action by Ofcom to assess and report on the public interest grounds specified and for the Competition and Markets Authority to report on jurisdiction by 20 June.  
  
Following this, on 29 June the Secretary of State released her minded-to - not final - decisions on whether to refer the merger to a full phase two investigation. More details of these can be found on the below webpage: 
  
https://www.gov.uk/government/speeches/skyfox-merger 
  
The Secretary of State then accepted representations on her minded-to positions until 14 July and she will now consider the evidence received before coming to a final decision on both grounds of media plurality and commitment to broadcasting standards.  

 The question of whether someone is fit and proper to hold a broadcasting licence is a different consideration to those outlined in the Enterprise Act 2002, and one that quite rightly sits with Ofcom. Ofcom had previously announced that it would conduct its fit and proper assessment at the same time it would consider any public interest test, meaning following the intervention decision. 

 

SKY BID

Sky has stated that it received an approach from 21st Century Fox to acquire the 61 per cent share of Sky that it does not yet already own. Discussions are still ongoing. The Secretary of State for Culture, Media and Sport, Karen Bradley, has quasi-judicial powers to intervene in certain media mergers on public interest grounds, but as no formal notification of merger has been given no decision on intervention has been made. Any transaction will be looked at on its merits, on a case-by-case basis.

On 16 March 2017, the Secretary of State issued a European Intervention Notice on the grounds of media plurality and commitment to broadcasting standards. This decision was made after hearing representations from Sky, 21st Century Fox and many other third parties.
 
This decision will now trigger action by Ofcom to assess and report on the public interest grounds specified and for the Competition and Markets Authority to report on jurisdiction. They each have 40 working days to prepare and provide these reports, which means they will be sent to the Secretary of State by Tuesday 16 May. At that point, the Secretary of State will resume her decision-making role.