Sky News to be spun off from BskyB

The transcript discusses the strategic moves by News Corp to gain full control of BSkyB, including the restructuring of Sky News into an independent entity. It highlights the ownership changes, governance restructuring, and the financial guarantees provided by News Corp. The transcript also covers the criticism faced by the government for its relationship with the Murdochs and the economic implications of News Corp's growing influence in the UK media market. Despite the progress, challenges remain, including potential legal actions and financial hurdles.

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