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News Corp ‘may exit from Sky News’

News Corp may give up its stake in Sky News, reports the UK’s Financial Times.  

The move could be triggered by News Corp’s attempts to take full ownership of British pay TV company BSkyB.

Sky News is owned in the UK by BSkyB, while in Austrlia it is a joint ventuire between Seven, Nine and BSkyB.

The Financial Times reports that News Corp is keen to avoid regulatory concerns over media diversity if it takes full ownership of BSkyB. The media company’s British company News International already dominates the newspaper landscape with The Times, Sunday Times, Sun and News of the World.

The FT states that News Corp has told the British government it might be prepared to divest Sky News to allay those fears.

Sky News’ Australian operation currently showcases a string of News Ltd journalists including commentators from The Australian and The Punch.

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