23:50 GMT +319 April 2018
Listen Live
    A protester wearing a Rupert Murdoch mask is photographed by media outside parliament in London, Tuesday, July 19, 2011.

    EU Officials Raid Rupert Murdoch's London Fox Office

    © AP Photo / Kirsty Wigglesworth
    Europe
    Get short URL
    120

    Rupert Murdoch’s efforts to extend the reach of his media empire in the United Kingdom have been met with increasing resistance.

    Investigative officials of the European Union raided the London office of the Fox Network owned by Australian-born US mogul Rupert Murdoch on the night of April 10. The EU Commission confirmed the "unannounced inspections" in a press release and explained that they were related to the distribution of sports broadcasting and concerns that the network might be engaging in anti-competitive business practices.

    It was hinted that the raids themselves are the initial step in a larger, more wide-ranging European investigation into alleged cartel behaviour by the Fox Network and other media businesses owned by Mr. Murdoch.

    The Commission further added that the investigations would be continuing without a time limit, citing the lack of any legal deadline for the investigators to complete their work.

    The raids come as a further blow to the Murdoch media empire's attempts to expand in Britain. In 2017, it's bid to buy a majority stake in the broadcaster BSkyB came under increasing Parliamentary scrutiny and was ultimately blocked as it was deemed to not be "in the public interest."

    American media titans Disney and Comcast have both put in massive bids to buy the majority of 21st Century Fox's entertainment assets, $US54.2 billion and $US31 billion respectively for a majority stake in Sky alone.

    The Murdoch media empire has found itself rapidly outsized by the likes of Facebook and Google as it continues to rely on its significant control of the newspaper industry in most English-speaking countries such as the US, UK and Australia. The profitability of the newsprint sector continues to decline as the vast majority of advertising revenue has migrated to the internet, with no alternative source of funding having yet been developed.

    Related:

    Rupert Murdoch Could Be Left Bare as US Cable Giant Bids for Sky Television
    Rupert Murdoch Demands Fees For His “Trustworthy” News Sources
    UK Regulator: Rupert Murdoch's Bid to Take Over Sky 'Not in Public Interest'
    Rupert Murdoch’s Hidden Hand: Ex-Tory Clarke Claims Mogul Swayed 2010 Vote
    Rupert Murdoch To Lead Fox News and Business Channels After Sacking Ailes
    Tags:
    cartel, corporate governance, anti-trust laws, investigation, EU, 21st Century Fox, Comcast, Google, Disney, Facebook, Rupert Murdoch, Australia, United States, United Kingdom
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment