x Abu Dhabi, UAEFriday 21 July 2017

Channel's ownership to be 'addressed'

The ownership structure of Sky News Arabia will be "addressed at the relevant time" if News Corp's attempt to buy BSkyB proves successful, says John Ryley, the head of Sky News.

News Corp, headed by Rupert Murdoch, owns 39 per cent of the British media company BSkyB and is trying to buy the remaining shares, worth an estimated £8 billion (Dh47.34bn).But News Corp has agreed to spin off Sky News, which is owned by BSkyB, into a separate company and fund it for 10 years, following competition concerns over the deal.

News Corp would keep its 39 per cent stake in Sky News if the English-language channel were to be sold.

But Mr Ryley said there were no firm details concerning how the BSkyB buyout would affect the ownership structure of Sky News Arabia.

"Sky News Arabia, the joint venture, is not in any way directly relevant to what is going on in the UK," he said.

"The issue of what happens will be addressed at the relevant time."

 

bflanagan@thenational.ae