The BBC's business editor Robert Peston
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Robert Peston on Sky News sell-off

Rupert Murdoch has agreed to sell off the loss-making Sky News.

The move is likely to be enough to win government approval for the takeover of BSkyB by his News Corp firm, the BBC's Robert Peston understands.

"Some will see that as a U-turn," said Mr Peston, as Culture Secretary Jeremy Hunt had promised to heed the advice of regulator Ofcom, who wanted the deal referred to the Competition Commission.

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