{"id":185384,"date":"2011-07-13T20:10:00","date_gmt":"2011-07-14T01:10:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/07\/13\/murdoch-drops-bskyb-bid\/"},"modified":"2011-07-13T20:10:00","modified_gmt":"2011-07-14T01:10:00","slug":"murdoch-drops-bskyb-bid","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/07\/13\/murdoch-drops-bskyb-bid\/","title":{"rendered":"Murdoch Drops BSkyB Bid"},"content":{"rendered":"

With almost every member in Parliament, of all the parties, chomping at the bit to pass a law to ban his bid to take over the UK’s biggest satellite network, he has announced that he will withdraw the bid<\/a>:<\/p>\n

Rupert Murdoch withdrew his bid for broadcaster BSkyB on Wednesday, as outrage over alleged crimes at his newspapers galvanized a rare united front in parliament against a man long used to being courted by Britain’s political elite.<\/p>\n

The Australian-born billionaire’s U.S.-based News Corp, thwarted in a key move to expand its media empire in television, said it would keep its 39 percent of the highly profitable pay-TV network, but left investors guessing over whether it might try again to buy up the rest, or even sell up.<\/p>\n

The withdrawal removes the most pressing political conflict the company faced. But a police probe and new public inquiries into the scandal and into media regulation as a whole may keep an unflattering spotlight on it and weaken the influence the 80-year-old media magnate has enjoyed in Britain for decades.<\/p><\/blockquote>\n

I think that this is a tactical move.  He’s holding onto his 30% stake in BSkyB, so if everything is back to business as usual in 9 months, I expect him to go for another bite at the apple.<\/p>\n

I’m kind of hoping that  things won’t<\/b> be back to “business as usual” in 9 months.<\/p>\n","protected":false},"excerpt":{"rendered":"

With almost every member in Parliament, of all the parties, chomping at the bit to pass a law to ban his bid to take over the UK’s biggest satellite network, he has announced that he will withdraw the bid: Rupert Murdoch withdrew his bid for broadcaster BSkyB on Wednesday, as outrage over alleged crimes at …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1005,1067,970,984,1064,978],"tags":[],"class_list":["post-185384","post","type-post","status-publish","format-standard","hentry","category-business","category-communications","category-corruption","category-europe","category-media","category-politics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185384"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=185384"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185384\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}