Responding to the news that Culture Secretary Karen Bradley has referred the 21st Century Fox bid to buy Sky to the Competition and Markets Authority, Liberal Democrat Leader Vince Cable commented:
"I am glad that Karen Bradley has shown courage in the face of pressure from the Murdochs.
"This referral is completely justified on grounds both of plurality and broadcasting standards.
"It is now over to the Competition and Markets Authority to properly scrutinise this bid and stand up for a plural and independent media.
"In the current climate, media outlets in this country are particularly vulnerable to takeover because of the weakness of the pound. Media power should not be an auction to the highest bidder."
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