• We believed that the proposed acquisition of BSkyB by News Corporation would benefit both companies but it has become clear that it is too difficult to progress in this climate.
• News Corp. chairman Chase Carey • Explaining why the company chose to drop out of the coveted BSkyB deal  which they had been gunning for for a while. However, this mess with News of the World happened, and here we are. Right now, the company’s problems center on the United Kingdom, but Sen. Jay Rockefeller is threatening to give them some increased stateside scrutiny. This could be bad. source

Posted by Ernie Smith • Permalink