Ofcom to rule on Murdoch’s purchase of BSkyB

If News Corporation was not trying to buy the whole of BSkyB, there’s a good chance that phone hacking would not still be in the news today: that decision was one of the things that led to a revival of interest in the story. As has been said many times during the past few days, securing full ownership of BSkyB is regarded as crucial by the Murdochs and that is one of the reasons they were prepared to take the dramatic step of shutting down The News of the World.

But the letter from Ofcom about the takeover and the possibility of Labour forcing a vote in the House of Commons on the matter on Wednesday, means that the bid is in real jeopardy. As Robert Peston points out, BSkyB shares have fallen as the City computes the obstacles now standing in the way of the take-over.