21st Century Fox’s Sky Buyout Still in the Doldrums

Twenty-First Century Fox’s (FOXA) (or Fox’s) dream to gain full control of Europe’s largest pay-TV broadcaster Sky by the end of June 2018 came under scrutiny when Karen Bradley, culture secretary of the Competition and Markets Authority, asked for a detailed review. She also raised doubts about the company’s commitment to broadcasting standards and asked reviewers to examine it carefully. During that period, it grew at a CAGR (compound annual growth rate) of 1.9%. In 1Q18, its top line increased 7.6% YoY (year-over-year), driven by double-digit Cable Network Programming segment growth.