News Corporation takeover bid for BSkyB early July, despite public opposition to the deal, "Government says its ready to give clearance to deal. Jeremy Hunt gives opponents one final week to raise objections. However, he has provisionally agreed to proposals that will see Sky News be spun off as an independent company to allay fears the deal would give Mr Murdoch's News Corporation too much control of the media. After the consultation ends on July 8, Mr Hunt is expected to wave the merger through once and for all. He is keen to give final confirmation by July 19 when the summer parliamentary recess begins." Several
News media phone hacking scandal illegal acquisition of information from a mobile phone as recently as 2010. In the months following "The Guardian" article regarding Milly Dowler, the fallout from the phone hacking scandal had many adverse commercial consequences for News Corporation. "News of the World" was shut down after 168 years in business and News Corp. withdrew its $12 billion bid for British Sky Broadcasting Group plc (BSkyB), reportedly the biggest reverse of Rupert Murdoch's career. News Corp. lost its contract bid with the NY State Comptroller over concerns about the phone-hacking scandal. The legal bills and settlement of suits cost News Corp. hundreds