If you think this is a navel-gazing media story, here’s a reminder of what Hunt was about to unleash on the country, with Cameron and George Osborne’s approval. […]
Sky’s dominance over the BBC is already looming: now past its investment phase, Sky’s income is multiplying fast at £5.5bn a year, against the BBC’s static £3.5bn. Sky’s growing billions can buy everything, not only sports and movies, but every best series: the BBC trains and develops talent, predatory Sky will snatch it. Nor is Sky that good for the Treasury: for every £1 in Sky subscriptions, 90p flees the country, straight to News Corp and Hollywood in the US.
The BBC is remarkable value for money: Sky subscribers can pay £500 a year, the licence fee is £145 for masses more content. Sky is parasitic, as its own subscribers watch many more hours of BBC than Sky, so Sky would collapse if the BBC denied it its channels. Yet the BBC still pays £5m a year for appearing on its platform, a deal struck by Thatcher to help Murdoch.