tag:blogger.com,1999:blog-14422435.post1160714400409055565..comments2024-10-25T13:58:36.797+01:00septicislehttp://www.blogger.com/profile/03369157723084834549noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-14422435.post-45192358847135098852012-04-25T08:51:00.588+01:002012-04-25T08:51:00.588+01:00<b>Just how much the takeover of BSkyB by News Corp would have changed the game is shown by the name chosen for the project</b><br /><br />Financially yes. This was a deal about acquiring a business that was throwing off cash, wasn&#39;t correctly valued and could be acquired for substantially less than the time value of its future cash flows. <br /><br />Politically, whether the Murdoch&#39;s absolutely controlled BSkyB or controlled it alongside a shareholders interested solely in financial returns is irrelevant. Whatever fund managers may personally have thought of the Murdoch&#39;s control of the British political system owning a piece of the profit centre of that operation is considerably more important than the ethics of the situation.<br /><br />None of which has been reported a. because our media is financially illiterate and b. it does not help their anti-Murdoch case. And thus after all the detail has been raked over we are presented with a story of political corruption (shock horror) and journalists finally saying what should have been said years ago. That just makes them even more pathetic than they were when they were supine.<br /><br />FWIW - I am glad that this has all come out in the worst possible way as it may hasten the end of this era of politics and politicians and result in some independents breaking through.The Ruminatorhttps://www.blogger.com/profile/12699756481854641935noreply@blogger.com