Murdoch’s BSkyB Deal in Danger

With so many other financial and legal matters on his hands in the wake of the News of the World scandal, analysts believe that Rupert Murdoch’s plan to fully take over cable news company BSkyB—of which he already owns 39 percent—might fall through. Shares in the company plummeted after Prime Minister David Cameron announced on Friday that the city would be investigating new phone-hacking reports surrounding Murdoch’s tabloid. Britain’s culture secretary Jeremy Hunt said it would “take time” before they made a decision about Murdoch’s potential takeover, and that many factors would be considered, “including whether the announcement regarding the News of the World’s closure has any impact on the question of media plurality.”