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Murdoch ‘must increase Sky News budget to £100m’

Culture secretary says Sky takeover requires 15-year commitment to news unitRupert Murdoch’s 21st Century Fox must must increase the funding of Sky News to at least £100m a year beyond 2030 as a precondition of taking full control of Sky, the culture secretary has said.Matt Hancock has said he would approve Murdoch’s £11.7bn bid to take control of the 61% of Sky he doesn’t already own as long as Murdoch sells off Sky News to an appropriate buyer – and then underwrites its funding for another 15 years. Continue reading…

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