James Murdoch Peter Macdiarmid/Getty Images
The scandal of phone hacking to Rupert Murdoch News of the World is casting a shadow on a much more valuable than the defunct tabloid business. When the furor, Murdoch was about to win their long battle to acquire 61 percent of the Crown Jewel of media in Britain, British Sky Broadcasting Group, that his News Corp does not have. The protest over the tabloid revelations forced Murdoch to make the operation of $ 12.6 million, which would have required the approval of the Government.
Now some regulators and politicians angry directed his attention to the participation of 39 per cent of News Corp control in BSkyB. Before the climax of phone hacking scandal, had been expressing concern about tight grip on News Corp in the lucrative market of television in Britain. Now critics are growing stronger. Prime Minister David Cameron and other political leaders calling for a review of the ownership of the means of United Kingdom, where the Murdoch family is by far the largest owner. The Director General of broadcasting regulator Ofcom, Ed Richards, said in a letter dated July 22 legislators who was investigating the conduct of Directors and shareholders of BSkyB control, including "any conduct relevant News Corporation", to determine if the company should continue to keep their licenses of about 40. In Britain, can revoke broadcast licenses if a company is considered "not adequate and appropriate" to celebrate, although this has happened only once.
Risk of News Corp is the open spigot of cash of BSkyB. BSkyB income rose 54 percent in the five years up to 2010, with an increase of 37 per cent to News Corp. For the fiscal year ending June 30, BSkyB expects to report operating profits of $ 1.7 million on revenues of 10.6 billion dollars, 24 per cent and 14 per cent, respectively, from the previous year, estimated London consulting firm Enders analysis. It is also possible that the Murdoch family might be forced to loosen the reins on BSkyB if the hacking scandal leads to the departure of James Murdoch as Chairman of BSkyB or regulators put restrictions on the News Corp.-owned. News Corp controls four of the 14 seats on the Board. BSkyB Board, planned to meet on July 28.
"news Corp." "executives and non-executive directors have been totally unable to control what was on paper and make sure that the performance of the company within the law," said Chris Bryant, a party Labour Member of Parliament whose phone was hacked by operators in the world news. "It raises questions about whether they should have any involvement in BSkyB".
The history of BSkyB began with an investment of 1 shrewd ￡ by Rupert Murdoch. That is how much happened to buy Sky Television, a company of satellite struggling, in 1983. (Murdoch also assumed some debt). He became a power giving boring with offers of congestion of the British BBC viewers what they wanted, sports and premiere movies. "Murdoch and its executives made a success of BSkyB because they were populist, trained in a culture of the newspaper," writes Mathew Horsman, a media consultant, Sky High, his book on the satellite operator.
A turning point came in 1992 when BSkyB won rights of football's Premier League of Great Britain. This meant British sports crazed who wanted to watch Manchester United play Liverpool badly needed to pay BSkyB first. From there the company grew rapidly in the leader in British pay television, with an estimated market share of 80 percent. BSkyB has more than 10 million subscribers of renowned films and shows such as Martin Scorsese's Boardwalk Empire. It has also become a major player in Internet and phone services.
From creation through merger in 1990 British Broadcasting BSkyB Satellite TV Sky Murdoch, Murdoch has only 39 percent of shares, too few to claim his complete but more than enough for the control of cash flows and financial results of News Corp. Last year, BSkyB revenues contributed US $ 354 million, or 14 per cent of the net income of News Corp 2.5 million dollars. News Corp had fully acquired BSkyB, the satellite operator, Enders analysis estimates would have accounted for 25 percent of revenues annually of the company and about 30 per cent of its revenues from exploitation. Forecasts Enders BSkyB could crank to annual growth closer to 10 percent in the next few years, which would compensate for cyclical income in support of News Corp. ad business.
没有评论:
发表评论