Market Whispers ; Business & Money
Could James Murdoch, chief executive of BSkyB, be getting ready to do a swap? Word late last week was that the broadcasting giant was exploring the possibility of exchanging its 17.9 per cent holding in rival ITV for a stake in Channel 5. When BSkyB bought the ITV shares, for about [pound]940m, the deal effectively blocked a possible tie-up with NTL, now known as Virgin Media. That landed the satellite television group in very hot water with the regulator. In fact, just last week Secretary of State for Trade and Industry Alistair Darling called on the Competition Commission to inquire into that deal, as well as a wider review of the influence that Rupert Murdoch - James's father …
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Publication information:
Article title: Market Whispers ; Business & Money.
Contributors: Not available.
Newspaper title: The Independent on Sunday (London, England).
Publication date: May 27, 2007.
Page number: Not available.
© 2009 The Independent on Sunday.
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