Murdoch Gives Up TV Deal

Rupert Murdoch
Oli Scarff/Getty Images

In a not so shocking fashion, Rupert Murdoch and his empire walk away from a deal which would have expanded the News Corp brand even further into the tubes of the UK, by picking up the majority share of British Sky Broadcasting (he still has 39% of the shares). Still recovering from the News of the World fallout, Murdoch and his cronies are left with looking for new ways to improve business in the UK – possibly by selling off its UK newspaper business entirely. I wonder how Glenn Beck feels about all this?

NYTimes

WSJ