News Corp acquires Sky News
News Corp has bought out Seven and Nine to acquire the parent company of Sky News Australia, Australian News Channel.
The move – which has been widely tipped – sees Sky News come 100% under News Corp ownership having started life as a joint venture between Seven, Nine and the News Corp-aligned BSkyB, which owns Sky News in the UK.
News Corp executive chairman, Michael Miller, said in a statement: “This is a significant investment that reinforces News Corp Australia’s continued commitment to quality journalism, talent and content.