42% Murdoch-owned Sky could be in the market to buy debt-laden TV3 and Radioworks from hedge fund Ironbridge, according to John Drinnan’s Media page in today’s Business Herald. Drinnan says that “Sky owning Mediaworks opens up a myriad of issues, not least the degree that the Government would continue to back the growth of Sky TV’s monopoly and its extension into radio.” Amen to that.
SkyTV’s chief John Fellett says he has no interest in another television channel. That may not be Rupert’s view, recently confirmed as the immortal Chairman and Chief Executive of Newscorp. Monopoly TV revenue streams are his bread and butter. News is “entertainment”.