Murdoch's EU victory upsets Berlusconi
There will be blood. A decision by the European Commission two days ago has given Rupert Murdoch the edge in his ongoing war with Italy's own media mogul - and prime minister - Silvio Berlusconi . The EU ruled that Murdoch's Sky Italia could bid for one of the terrestrial-based spectrums that is used to broadcast up to eight free-to-air TV channels. This decision, which overturned a 2003 restriction on Sky Italia, threatens the dominance of Italian television by Berlusconi's Mediaset . There will be an appeal, of course. La lotta continua. Sources: FT / FollowTheMedia
Market Reactions
Price reaction data not yet calculated.
Available after full seed + reaction pipeline runs.
Similar Historical Events(1 found)
MarketReplay Insight
1 similar event found. Price reaction data will appear here after the reaction pipeline runs.