1. BSKYB IS FALLING

    Cameron to Urge Murdoch to Yank BSkyB Bid

    BSkyB takeover bid.A worker erects a Sky TV poster in Birmingham. Picture date: Wednesday March 2, 2011. Rupert Murdoch's News Corp has offered to sell Sky News to allay concerns about the media giant's takeover bid for British Sky Broadcasting, it was reported tonight. See PA story CITY BSkyB. Photo credit should read: David Jones/PA Wire URN:10298991 (Press Association via AP Images)

    David Jones, PA / AP Photo

    Believe it or not, Rupert Murdoch’s struggles in the U.K. are getting worse. A spokesman for Prime Minister David Cameron says he will back a motion, proposed by the opposition Labour Party, asking News Corp. to withdraw its bid to take over BSkyB, a major broadcaster. Many of Murdoch’s actions in recent days—including his son James’s announcement that News Corp. would shutter the News of the World—have been seen as attempts to salvage the takeover, which is still subject to regulatory approval. But in the wake of news that News Corp. staffers hacked private records of former prime minister Gordon Brown, political pressure is making the takeover nearly politically impossible. The motion will be debated Wednesday. It’s a sharp turn for Cameron, who has called for press reform in recent days but has been close to Murdoch and Rebekah Brooks, a top deputy. For a time Cameron employed former News of the World editor Andy Coulson as his chief spokesman.

    Read it at Associated Press