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Mr Speaker, I am here to give an update on the proposed merger between 21st Century Fox and Sky Plc, and my decision whether or not to refer the transaction for a full 6 month investigation by the Competition and Markets Authority (CMA).
I should first remind the House that in my quasi-judicial role I must:
Broadcasting standards
I have taken careful account of all relevant representations and Ofcom’s advice and have, today - as required by the legislation - written to the parties to inform them I am now minded-to-refer the merger to the CMA on the grounds of genuine commitment to broadcasting standards.
Read full press release
I should first remind the House that in my quasi-judicial role I must:
- Come to a decision on the basis of relevant evidence;
- Act independently in a process that is fair and impartial; and
- Take my decision as promptly as is reasonably practicable.
Broadcasting standards
I have taken careful account of all relevant representations and Ofcom’s advice and have, today - as required by the legislation - written to the parties to inform them I am now minded-to-refer the merger to the CMA on the grounds of genuine commitment to broadcasting standards.
Read full press release