Rupert Murdoch is about to be given the green light by Jeremy Hunt, Secretary of State at DCMS, to buy the remaining shares in BSkyB which he doesn't already own. The matter will NOT be referred to the Competition Commission despite Ofcom's and the beleaguered Vince Cable's recommendations when he held the brief. So we all have a lot to thank the two Daily Telegraph journalists for screwing this up following the release of their tape recordings of Vince at a confidential advice surgery.
There appears to be some kind of deal on Sky News - some kind of "Trust" maybe someone else will buy it (??) which is all very vague - but Murdoch knows how to butter up Governments. He appointed a bunch of cronies as independent members of The Times when he bought that title in the mid 1980s.
Murdoch has also bought Shine from Elizabeth, his daughter, which including debt, amounted to a staggering £415m. This brought her back into the family business and may yet mean she will be appointed his heir and successor given how James Murdoch has handled the on-going phone-tapping investigation of News of the World journalists.
What this incident demonstrates yet again is that Murdoch bats for Murdoch whoever is in Government.....