Has Labour finally turned its back on Rupert Murdoch? It looks that way with this morning's announcement that BSkyB has been told to reduce its share in ITV to 7.5% by John Hutton.
The sale is expected to end up costing Sky £250 million, thanks to the decline in ITV's share price since the original acquisition. That'd buy you a decent-sized Premership football team, Rupert. Are you gonna take that lying down?
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