LONDON (Reuters) – Twenty-First Century Fox
It also said it could sell the 24-hour news channel to Walt Disney
Fox agreed to buy all of the European pay-TV group in December 2016, but the deal has been repeatedly delayed by the British government and regulators.
U.S. cable giant Comcast Corp
Fox, which already owns 39 percent of the European pay-TV group, had already put forward steps it would take to guarantee the independence of Sky News, such as funding it for 10 years and creating an independent board of directors.
“We have worked diligently with the CMA (Competition and Markets Authority) throughout its extensive review,” Fox said on Tuesday.
“In fact, we believe that the enhanced firewall remedies we proposed to safeguard the editorial independence of Sky News addressed comprehensively and constructively the CMA’s provisional concerns.”
(Reporting by Paul Sandle; editing by Guy Faulconbridge)