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View Diary: Murdochgate: FBI Vows to Step In if Scotland Yard 'Drops the Ball' UPDATED (106 comments)

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  •  Yes, and now I see the word legal appears in it (4+ / 0-)
    Recommended by:
    Brit, ericlewis0, Sychotic1, Creosote
    The Tory government was legally bound to refer the bid to the Monopolies and Mergers Commission. It should have been dead in the water.
    Which implies for me, as in 1981, so in 2011.

    You wonder if we will wait 30 years to have the truth out about 2011.

    I have a speculative proposal for you, in the next comment

    "Are you bluish? You don't look bluish," attributed to poet Roger Joseph McGough, for the Beatles' Yellow Submarine (1968).

    by BlueStateRedhead on Sun Mar 18, 2012 at 03:28:23 PM PDT

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    •  If there is something in a name, OfCom is onto it (7+ / 0-)

      They have an investigation of the propriety of JM's Chairmanship of Sky on going.

      Its name is Operation Apple. Which seems providential, even prophetic, for it implies an ipso facto recognition of the proverbial wisdom that

      The apple does not usually fall too far from the tree

      "Are you bluish? You don't look bluish," attributed to poet Roger Joseph McGough, for the Beatles' Yellow Submarine (1968).

      by BlueStateRedhead on Sun Mar 18, 2012 at 03:32:30 PM PDT

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    •  Their get out under Shawcross legislation (9+ / 0-)

      ...was that the takeover of a paper didn't have to be referred if the alternative was closure.

      The Times and Sunday Times were completely separate papers, and only brought into the same company in 1966 when Lord Thompson, owner of the ST, bought The Times.

      In 1979 the ST was very profitable but the Times was losing money. In 1980, a series of strikes caused the Sunday Times to make a small loss one quarter.

      Thatcher and Murdoch used that sliver of an excuse to avoid referral to the Monopolies and Mergers Committee. However their joint confidante, Woodrow Wyatt, let the cat out of the bag in 1998 in his posthumous diaries:

      “I had all the rules bent for him [Murdoch]  over the Sunday Times and the Times when he bought them.... Through Margaret I got it arranged that the deal didn’t go to the Monopolies Commission which almost certainly would have blocked it.”

      The Fall of the House of Murdoch -with Eric Lewis ready by June. Get your name in the book.

      by Brit on Sun Mar 18, 2012 at 03:34:11 PM PDT

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