Talk about a typical heavy-handed offer from News Corp. Its $25 million play for control of Australian News Channel, which operates Sky News on the Foxtel pay TV system, is a blatant attempt by the Murdoch’s minor media company for some sort of role in electronic media beyond the regulated sports and entertainment business at Foxtel and Fox Sports Australia. Australian News Channel is owned in equal shares by Sky News UK, Nine Entertainment and Seven West Media. The company has an agreement to provide news to Foxtel that expires in 2017, and News Corp is trying to muscle in on that via the unstated threat that the agreement might not be extended.
Foxed out: Sky News takeover could take a sharp turn to the Right
News Corp's heavy-handed play for Australian News Channel may turn Sky into our very own Fox News.