'No news company makes money'
Rupert Murdoch is a step closer to taking full control of broadcaster BSkyB after the Government provisionally accepted plans to hive off Sky News as a separate company.
Culture Secretary Jeremy Hunt has agreed the controversial proposals but has given opponents one final week to raise objections.
Murdoch's News Corp already owns 40% of BSkyB and there are concerns the deal would give Murdoch too much control of the media.
But the group sought a takeover last year offering 700 pence per share - a price investors and BSkyB did not think was enough.
Theresa Wise in an independent media consultant and she says that part of the problem is that news ''does not make money''.
30 Jun 2011
- From the section Business