The Independent:
Alistair Darling, the Secretary of State for Trade & Industry, has ordered an unprecedented investigation into Rupert Murdoch’s influence over the UK media sector, after telling the Competition Commission to review Sky’s controversial purchase of a large stake in ITV.
The Competition Commission will report its findings in November and could force Sky to sell its stake in the terrestrial broadcaster if it finds that the investment lessens competition in the media sector and works against the public interest. It could also decide to take less severe action or rule that the deal does not reduce competition.
More here.