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Rupert Murdoch's 21st Century Fox has vowed to preserve the editorial independence of Sky News in order to secure its takeover of pan-European TV giant Sky, documents showed Monday.
Britain's top competition regulator, which had ruled last month that the Sky takeover was not in the public interest, revealed the Fox pledge in submissions published online.
Competition - Markets - Authority - CMA - Regulator
The Competition and Markets Authority (CMA) regulator had provisionally concluded in January that the takeover would hand too much power over British media to Murdoch.
In response, Fox pledged a series of measures to "guarantee" the editorial independence of Sky News.
Takeover - Proceed - Fox - Submission - Board
Should the takeover proceed, Fox said in its submission that it would establish an independent board to outline the media organisation's editorial strategy and direction.
Fox added that "no employee or officer of 21st Century Fox, or a member of the 21st Century Fox board who is a trustee or beneficiary of the Murdoch Family Trust, will influence or attempt to influence the editorial choices made by the head of Sky News".
Group - News - Service - Britain - Levels
The group would maintain a Sky-branded news service in Britain with equivalent levels of investment for at least five years.
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