21st Century Fox’s £11 Billion Bid For Sky To Be Referred To CMA For Investigation
Bad news for Rupert Murdoch, who is facing another hurdle in his years long quest to take full ownership of Sky. Culture Secretary Karen Bradley has announced that she is "minded-to-refer" 21st Century Fox's £11 billion bid to take full ownership of the satcaster to the CMA (Competition and Markets Authority). The CMA is now poised launch a six month investigation into the potential take over. The Secretary of State for Digital, Culture, Media and Sport is minded to make make the referral on two grounds: "media plurality" and "genuine commitment to broadcasting standards". Fox's stock price fell slightly following the announcement. 
Karen Bradley has been appointed as the new Secretary of State for Culture, Media & Sport by Prime Minister Theresa May. This is a promotion for Bradley, who was elected to Parliament as the MP for Staffordshire Moorlands in May 2010, and marks her first cabinet role. She previously worked under Theresa May at the Home Office, serving most recently as Minister for Preventing Abuse, Exploitation and Crime. 
John Whittingdale has been let go from his position as Secretary of State for Culture, Media and Sport as part of a wide-ranging cabinet re-shuffle at the hands of new Prime Minister Theresa May.