Sky plc Wikipedia.Sky plc4567 is a Pan European satellite broadcasting, on demand internet streaming media, broadband and telephone services company with headquarters in London.It has operations in the United Kingdom, Ireland, Germany, Austria and Italy.Sky is Europes biggest and leading media company and largest pay TV broadcaster, with 2.Initially formed in 1.Sky Television and British Satellite Broadcasting, BSky.B became the UKs largest digital subscription television company.In 2. 01. 4, after completing the acquisition of Sky Italia and Sky Deutschland, the merged company changed its name to Sky plc.Sky is listed on the London Stock Exchange and is a constituent of the FTSE 1.Index. It had a market capitalisation of approximately 1.Rupert Murdochs 2.Century Fox owns a 3.December 2. 01. 6, following a previous attempt under News International that was affected by the phone hacking scandal, 2.Century Fox announced it had agreed to buy the remainder of Sky, pending government approval.As of July 2. 01.HistoryeditFoundationeditBritish Sky Broadcasting was formed by the merger of Sky Television and British Satellite Broadcasting on 2 November 1.Both companies had begun to struggle financially and were both suffering financial losses as both competed against each other for viewers.The Guardian later characterised the merger as effectively a takeover by News Corporation.Can Sky Boxes Be Hacked Games' title='Can Sky Boxes Be Hacked Games' />The merger was investigated by Office of Fair Trading1.The Independent Broadcasting Authority was not consulted about the deal after approval, the IBA demanded precise details about the merger, stated they were considering the repercussions of the deal to ultimately determine whether BSB contracts were null and void.On 1. 7 November, the IBA decided to terminate BSBs contract, but not immediately, as it was deemed unfair to 1.BSB devices. 1. 8Sam Chisholm was appointed CEO 1.No Mans Skys vast universe was part of its initial appeal.You would go from planet to planet, completely alone, discovering and naming things along the way.P1140251-480x270.jpeg' alt='Can Sky Boxes Be Hacked Games' title='Can Sky Boxes Be Hacked Games' />The defunct BSBs HQ, Marco Polo House were sold, 3.BSky. B executive roles were given to Sky personnel with many BSB leaving the company.In April the nine SkyBSB channels had been condensed into five, with Euro.Sport being dropped soon after the Sky Sports launch.Chisholm also renegotiated the merged companys expensive deals with the Hollywood studios, slashing the minimum guaranteed payments.The defunct Marcopolo I satellite was sold in December 1.Swedens NSAB, and Marcopolo II went to Norways Telenor in July 1.ITC was unable to find new companies to take over the BSB licences and compete with BSky.B. News International received 5.Pearson PLC 1. 7.Chargeurs 1. 7. 5, Granada 1.Reed International 2 of the new shares in the company.By September 1. 99.M a week, Rupert Murdoch said there were strong financial marketing and political reasons for making the compromise merger instead of letting BSB die.Many of the lessons had been learnt with more than half the running cost of the combined company.Further cuts in losses were a direct result of 3.By March 1. 99. 2, BSky.B posted its first operating profits, of 1.James Capel forecast BSky.B would still be indebted in 2.In the autumn of 1.Premier League for a five year period, from the 1.ITV were the current rights holders, and fought hard to retain the new rights.ITV had increased its offer from 1.BSky. B joined forces with the BBC2.The BBC was given the highlights of most of the matches, while BSky.B paying 3. 04m for the Premier League rights, would give them a monopoly of all live matches, up to 6.Murdoch has described sport as a battering ram for pay television, providing a strong customer base.A few weeks after the deal, ITV went to the High court to get an injunction as it believed their details were leaked before the decision was taken.ITV also asked the Office of Fair Trading to also investigate since it believed Rupert Murdochs media empire via the newspapers had influence the deal.A few days later neither action took effect, ITV believed BSky.B was telephoned and informed of its 2.Premier League advised BSky.B to increase its counter bid.BSky. B retained the rights paying 6.On Digital3. 2 for the rights from 2.Following a lengthy legal battle with the European Commission, which deemed the exclusivity of the rights to be against the interests of competition and the consumer, BSky.Bs monopoly came to an end from the 2.In May 2. 00. 6, the Irish broadcaster Setanta Sports was awarded two of the six Premiership packages that the English FA offered to broadcasters.Sky picked up the remaining four for 1.FlotationeditIn October 1.BSky. B announced its plans to float the company on the UK and US stock exchanges, selling off 2.The stock flotation reduced Murdochs holding to 4.Sam Chisholm said By any standards this is an excellent result, in every area of the company has performed strongly.Chisholm, became one of the worlds most highly paid television executives.In 1. 99. 5, BSky.B opened its second customer management centre at Dunfermline, Scotland,3.Livingston which opened in 1.BSky. B entered the FTSE 1.M a year, and Pearson sold off its 1.Sam Chisholm resigned from BSky.B due to a rift with Rupert Murdoch.A week later, Murdoch was quoted as saying I cannot understand the fuss BSky.B was grossly overpriced, which caused further rifts with the new management. Microsoft Windows Xp 7 8 Vista Activator All Editions Bean more. Launch of Sky DigitaleditIn 1.BSky. B formed a partnership with Carlton and Granada to bid for the right for the new digital terrestrial network.In June, it was awarded the right to start the service, ONdigital under the condition BSky.B withdrew from the groups bid.In February 2. 00.BSky. B wished to renegotiate its deal with MTV to reduce its payment from 2.Chief executive Tony Ball said Were definitely prepared to stare them down if we cant get a sensible deal, MTV, and other channels, have done particularly well out of the growth of Sky but the opportunity for savings is now there and Sky will be taking it, he added.MTV has done extremely well out of that original deal.On 1. 7 April 2. 00.BSky. B launched its own range of music channels Scuzz and Flaunt with The Vault being added in Summer 2.Within 1. 8 months the channels failed to make impact, and were outsourced to the Chart Show Channels company.Shortly afterwards it acquired Artsworld, giving a majority of subscribers full access to the channel.The buyout was part of James Murdochs strategy to improve the perceptions BSky.B which could lead to potential new subscribers.John Cassy, the channel manager of Artsworld, said It is great news for the arts that a dedicated cultural channel will be available to millions of households.In early 2. 00. 7 Freeview overtook Sky Digital with nearly 2.Virgin Media had three million customers.Amstrad takeovereditIn July 2.BSky. B announced the takeover of Amstrad for 1.Virgin Media Television acquisitioneditOn 4 June 2.BSky. B and Virgin Media announced that they had reached agreement for the acquisition by BSky.B of Virgin Media Television.Virgin. 1 was also a part of the deal and was rebranded as Channel One on 3 September 2.Virgin name was not licensed to Sky.The new carriage deals are understood to be for up to nine years.On 2. 9 June 2. 01.The Competition Authority in Ireland cleared the proposed transaction.On 2. 0 July 2. 01.The Office of Fair Trading announced that they would review BSky.Bs acquisition of the Virgin Media Television business to judge whether it posed any competition concerns in the UK.The OFT planned to investigate the deal to see whether it could constitute a qualifying merger under the Enterprise Act 2.The watchdog invited interested parties from the industry to comment on the sale, including its potential impact on the pay TV market.On 1. 4 September 2.OFT decided not to refer BSky.Bs takeover of Virgin Medias TV channels to the Competition Commission.Attempted takeover by News CorporationeditIn June 2.News Corporation made a bid for complete ownership of BSky.B. However, following the News Internationalphone hacking scandal, critics and politicians began to question the appropriateness of the proposed takeover.The resulting reaction forced News Corp.July 2. 01. 1. 5.The scandal forced the resignation of James Murdoch, who was the chairman of both BSky.B and News International, from his executive positions in the UK, with Nicholas Ferguson taking over as Chairman of BSky.B. 6. 0In September 2.Ofcom ruled that BSky.
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