The Australian-born media mogul's decision to offload his entertainment assets reflects his core priorities in the fast-changing world of broadcasting and cinema.
Sky already has a dominant position in subscription TV services in the UK.
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This deal needs to be seen for what it is: a massive step towards dominance of the UK media which could influence public opinion and squeeze out competition.
While Rupert Murdoch’s News Corporation US$80 billion takeover bid for fellow US media giant Time Warner has been rejected - for now - there is no doubt the future ownership of this historic company is…