Tag Archives: britain

Rupert watch – signaling the end

By Michael Collins

Rupert Murdoch’s reign over the $33 billion News Corporation hinges on events surrounding the company’s ownership share of Britain’s dominant pay TV network, BSkyB (Sky). As Business Insider said, “it’s the only asset that really matters” in the News Corp collection of media properties.

As a result of Murdoch scandals, News Corp lost the chance to buy 100% of Sky’s shares. More troubling for the media monarch, the company may lose the 39% interest it already holds if British regulators determine that Murdoch is not a fit and proper owner. This would fuel the major News Corp shareholder suits in Delaware and New York that seek to remove Murdoch as board chairman and vastly diminish his power and that of his family and cronies.

Sky reaches 25 million viewers in 10 million homes. Revenues are growing at 10% a year with adjusted operating profit growth averaging around 16% of revenues (see 2009 through 2011). Revenues from 2012 through 2016 should top $70 billion total with adjusted operating profits around $11 billion. What happens with Sky really matters. Continue reading

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Walk like an Egyptian: 20 reasons why it’s kicking off everywhere

By Paul Mason
BBC

We’ve had revolution in Tunisia, Egypt’s Mubarak is teetering; in Yemen, Jordan and Syria suddenly protests have appeared. In Ireland young techno-savvy professionals are agitating for a “Second Republic”; in France the youth from banlieues battled police on the streets to defend the retirement rights of 60-year olds; in Greece striking and rioting have become a national pastime. And in Britain we’ve had riots and student occupations that changed the political mood.

What’s going on? What’s the wider social dynamic?

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YEMEN – THE RETURN OF OLD GHOSTS

Adam Curtis                       BBC Jan 8, 2010

What I find so fascinating about the reporting of the War on Terror is the way almost all of it ignores history – as if it is a conflict happening outside time. The Yemen is a case in point. In the wake of the underpants bomber we have been deluged by a wave of terror journalism about this dark mediaeval country that harbours incomprehensible fanatics who want to destroy the west. None of it has explained that only forty years ago the British government fought a vicious secret war in the Yemen against republican revolutionaries who used terror, including bombing airliners.

But the moment you start looking into that war you find out all sorts of extraordinary things.

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Iceland: Lessons to be Learned from the Economic Meltdown

Johanna SigurdardottirBy Eva Joly

The irresponsible attitude of certain countries, the EU and the IMF to Iceland’s economic collapse demonstrates their inability to learn that excessive deregulation of markets, particularly financial markets, which they engineered, fails, writes the advisor for the criminal investigation into Iceland’s failed banks.

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British Quakers vote for marriage equality; challenge gov to end same-sex marriage ban

Iraqi Q cropdQuakers make pioneering decision to open up religious marriage to gay couples

Challenge to government ban on same-sex marriage

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