BSKYB and murdoch

[DC_FC]

I thought rupert murdoch was already the owner of BSKYB so why is he wanting to take full control.

[Gromit]

There were originally two competing satellite companies, British Satellite Broadcasting (who had the squariel) and SKY. BSB lost to SKY for subscriptions and was going bankrupt. The two companies were merged into BSkyB with Murdoch having the largest (controlling) shares with 39%. He now wants 100% of the business, and that is what is at stake now.

[barney15c]

If he gets bskyb 100% then i am going to cancel my subscription and go to virgin media...i'll also cancel my sky sports subscription too and watch ESPN

[Gromit]

Barney,

But you are OK that he gets 40% of your money now?

[Postdog]

Barney who do you think owns Virgin, duh!

[barney15c]

Barney who do you think owns Virgin, duh!

Tell me?

Its not murdoch

[barney15c]

Barney,

But you are OK that he gets 40% of your money now?

I am considering going now deffo cancelling my sky sports but a total takeover will be the tipping point for me,

[Ankou]

bskyb own virgin media tv channels, so in some roundabout way murdoch is still pocketing your dosh.

[barney15c]

Sky own shares in ITV about 7.5% (so 40% of that) so ingrained are murdochs empire in the UK media I cant avoid watching or contributing to his business in some way, however i can limit it and if he gets 100% of sky he will be getting a fair wedge of me rather than a smaller amount if i go to virgin.

[Gromit]

If Rupert Murdoch owns 39% of BSkyB, I wondered who owned the other 61%. It seems odd that we haven't heard from them about the takeover, especially as the company is hugely profitable. When BSB was set up, its ownership was...

// The British Satellite Broadcasting consortium was formed in 1986 by Granada Television, Pearson, Virgin, Anglia Television and Amstrad. In early 1988, the BSB consortium was awarded a licence to operate three channels by the Independent Broadcasting Authority (IBA). Around the time of the licence award, Amstrad withdrew its backing and Australian businessman Alan Bond joined the consortium along with Reed International, Chargeurs, Next plc and London Merchant Securities amongst others. //

[Ankou]

http://citywire.co.uk...sh-over-bskyb/a507525