Sky News threatens to shut down - BBC News
Sky has threatened to shut down Sky News if the news channel proves to be a major obstacle in its takeover bid by Rupert Murdoch's 21st Century Fox.
Regulators are investigating the deal amid concerns that Mr Murdoch's media empire could become too powerful.
Sky told the Competition and Markets Authority (CMA) that the regulator should not assume "the continued provision" of Sky News.
BBC media editor Amol Rajan said it was a "credible threat".
In a submission made to the CMA last month, but published by the regulator on Tuesday, Sky said it "would likely be prompted to review" its position if "the continued provision of Sky News in its current form unduly impeded merger and/or other corporate opportunities available in relation to Sky's broader business".
This would particularly be the case if shareholders objected to the merger not happening, Sky said in its submission.
The BBC understands that closing Sky News would only be an option of last resort, and that Sky would try to find a buyer for the media company before that eventuality.
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