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Monday, July 11, 2011

MEDIA MONOPOLY: Murdoch's BSkyB take-over bid teeters after scandal!

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Associated Press / NDTV: Updated: July 11, 2011 14:41 IST.

London:  Shares in British Sky Broadcasting dropped sharply on Monday on growing doubts over News Corp's bid to take control of the satellite broadcaster.

BSkyB shares fell 7.3 percent at 695 pence ($11.12) in early trading on the London Stock Exchange. A week ago they were trading as 850 pence.

As trading opened on Monday, the government minister dealing with the proposed bid said he would seek advice from another agency about whether the phone hacking scandal at a Murdoch newspaper paper raises questions over whether News Corp is "fit and proper" to hold a

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