Financial Times: Clearance on BSkyB bid delayed by at least two weeks

Clearance on News Corporation‘s bid for the remainder of BSkyB will be delayed by at least two weeks, the Financial Times reported this week, “after a hitch in negotiations between Rupert Murdoch’s media group and UK regulators”.

People familiar with the talks between the two sides said on Monday, that the delay had been caused by the level of detail that Ofcom, the broadcasting regulator, and the Department for Culture, Media and Sport required in a merger remedy offered by News Corp.

The remedy was for Sky News to be spun off into a separate company called Newco to address concerns for media plurality.

See the full FT report here (FT.com does operate a registration model).

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