News Corp withdraws bid for BSkyB

LeftCentral has just learned that News Corporation’s controversial takeover bid of British Sky Broadcasting (BSkyB) has been withdrawn. The move comes after a momentous motion in Parliament delivered a damning verdict on Rupert Murdoch’s proposals that would result in his domination of British media.

Read the full story here courtesy of The Scotsman, the first online article we could get our hands on. What do you think are the repercussions of this result? Post your views in the comment box below, and join the debate!

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