Source:
ReutersLONDON | Sun Mar 13, 2011 2:47pm GMT#
An alliance of media groups opposed to News Corp's proposed buyout of satellite broadcaster BSkyB have criticised proposals by the UK government to ease competition concerns about the deal.
In a letter due to be sent to all British MP's on Monday five media companies said that the decision by Jeremy Hunt, Britain's Culture Secretary, not to refer the issue to the Competition Commission was wrong.
The five companies are BT, Guardian Media Group, Associated Newspapers, Trinity Mirror, Northcliffe Media and Telegraph Media Group.
Rupert Murdoch's News Corp took a huge step towards securing its prized $14 billion (8 billion pounds) buyout of the satellite broadcaster when Britain accepted its proposals to ease competition concerns.
Read more:
http://uk.reuters.com/article/2011/03/13/uk-corp-bskyb-idUKTRE72C2A220110313?feedType=RSS&feedName=topNews