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UK Parliament Lobbied to Block News Corp Buyout

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TEHRAN, March 13 (ICANA) – A group of media organizations is lobbying lawmakers to oppose News Corp.'s plans to buy full control of satellite TV operator British Sky Broadcasting Group PLC.
Sunday, March 13, 2011 11:36:33 PM
UK Parliament Lobbied to Block News Corp Buyout

The alliance, which includes the companies that own newspapers The Guardian and The Telegraph, argued in a letter to lawmakers that the proposed takeover will weaken media plurality. It demanded a full investigation into the matter by the Competition Commission.

Britain's government has approved plans by Rupert Murdoch-owned News Corp. to buy the remaining 61 percent of BSkyB it does not already own, on the condition that it spin off its Sky news channel as an independent company.

The opposing media alliance argued Sunday that the spun-off channel will still be economically dependent on News Corp, AP reported.

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