U.K. Regulator's Initial Fox-Sky Deal Review Report Delayed Until January
A final report to the U.K. culture secretary is still expected by February/March.
Britain's Competition and Markets Authority said Wednesday that it would publish its provisional report about its review of 21st Century Fox's planned deal for full control of European pay TV giant Sky in the middle of January instead of in mid-December.
The CMA said it then still plans to send a final report to U.K. culture secretary Karen Bradley by February/March, with a statutory deadline on the overall deal review set for March 6.
"It is not unusual for us to update our timetables," Sky News quoted the CMA as saying. "In this case, we have received a large body of evidence — including numerous face-to-face hearings and more than 12,000 submissions — so it is vital that we spend the time to reach an informed and considered provisional view."
The review on two issues — the deal's effects on media plurality and editorial standards — was announced earlier this year. The newly announced delay in the timetable comes as Fox is understood to be talking to the Walt Disney Co., Comcast and other media giants about possibly selling a big part of its business, including its 39 percent stake in Sky.