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Bskyb ShareCast News (BSY)
ShareCast News for Bskyb (BSY)
| Share Price: 793.50 | Bid: 792.00 | Ask: 792.50 | Change: 0.00 (0.00%) |  | ||||||
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News Corp split seen as positive for BSkyB
Thu, 28th Jun 2012 15:46
Following News Corp's confirmation that it would split itself into two on Thursday, rumours of a revived bid for British Sky Broadcasting (BSkyB) resurfaced.
Rupert Murdoch's media empire will separate its entertainment and publishing businesses into two publicly listed companies.
News Corp owns a 39% interest in BSkyB, the satellite broadcaster which it failed to take over last year. It will now form part of the entertainment group, together with 20th Century Fox, the Fox network, Fox news and Sky Italia.
Ian Whittaker from Liberum Capital said that a split "suggests [News Corp] may even have another tilt at Sky in the medium term".
Analysts at Deutsche Bank have said that BSkyB could also benefit from the split as it would distance the company from the phone-hacking scandal that took down News International's The News of the World last year.
They said that the split would lower the risk of an investigation into whether or not the Murdoch family is a 'fit and proper' broadcast licence holder.
However there are some that claim that the split has done nothing to quash these concerns and is merely cosmetic, as the Murdochs will still maintain the same interests in each companies.
If regulators do indeed force News Corp to sell its stake in BSkyB, then it would likely attract interest from other Pay-TV groups.
BC
Rupert Murdoch's media empire will separate its entertainment and publishing businesses into two publicly listed companies.
News Corp owns a 39% interest in BSkyB, the satellite broadcaster which it failed to take over last year. It will now form part of the entertainment group, together with 20th Century Fox, the Fox network, Fox news and Sky Italia.
Ian Whittaker from Liberum Capital said that a split "suggests [News Corp] may even have another tilt at Sky in the medium term".
Analysts at Deutsche Bank have said that BSkyB could also benefit from the split as it would distance the company from the phone-hacking scandal that took down News International's The News of the World last year.
They said that the split would lower the risk of an investigation into whether or not the Murdoch family is a 'fit and proper' broadcast licence holder.
However there are some that claim that the split has done nothing to quash these concerns and is merely cosmetic, as the Murdochs will still maintain the same interests in each companies.
If regulators do indeed force News Corp to sell its stake in BSkyB, then it would likely attract interest from other Pay-TV groups.
BC
London close: Stocks settle higher after mixed batch of data
Market Movers[9 May '13]
FTSE 100 movers: Experian, IMI, BSkyB, ENRC
Credit checking giant Experian topped the FTSE Thursday after reporting full-year sales growth across all its global markets, particularly in Latin and North America. In the year to end-March, the company saw revenues from continuing activities rise six per cent to 4.7bn dollars, with earnings before interest and tax up seven per cent to 1.25bn dollars.[9 May '13]
Sky raises equity investment in streaming provider Roku
FTSE 100-listed British Sky Broadcasting group has made a further 1.9m dollar equity investment in Roku, a platform which delivers over-the-top services via its streaming devices.[9 May '13]
London midday: Markets subdued as eyes turn to ECB
Markets were trading within a narrow range on Thursday as traders refrained from taking risk ahead of a potential rate cut from the European Central Bank (ECB) this afternoon.[2 May '13]
London open: Markets cautious ahead of ECB decision
The FTSE 100 was in the red in early trading on Thursday as nerves set in ahead of the all-important European Central Bank (ECB) policy decision later on.[2 May '13]
BSkyB earnings growth slows in post-Christmas lull
Earnings growth slowed slightly for British Sky Broadcasting in its traditionally quiet post-Christmas period, although customer numbers and average revenue per user continued to grow.[2 May '13]
Wednesday broker round-up UPDATE
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation.[24 Apr '13]
London close: Stocks weighed down by Eurozone concerns
Political wrangling in Italy and uncertainty in Cyprus resulted in a volatile day for London's FTSE 100 index on Wednesday, though stocks bounced well off their lows in afternoon trade.[27 Mar '13]
