Making Financial Headlines · Page 9
The Acquisition Spreadsheet Meets the Channel Guide
· New York time
Culture Secretary Lisa Nandy says she is minded to intervene in Sky's £1.6 billion takeover of ITV's entertainment arm, citing possible effects on free expression and the variety of Britain's news landscape. The BBC reports a possible intervention, with no completed block announced in this account. The concerns put media plurality beside the transaction's financial terms. For audiences, the significance of ownership can extend beyond the price buyer and seller negotiate to the range of voices available. A merger spreadsheet can count assets neatly. Counting independent perspectives is less convenient, especially because perspectives resist being stacked into one efficient column. The deal has reached the part of the meeting where somebody asks whether the channel guide should be treated as more than an inventory.
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