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Cable calls for an end to influential media moguls
VINCE Cable, the business secretary, yesterday vowed to stop firms or individuals from owning a similar share of the media as Rupert Murdoch.
“You know there are other big media companies who could have the same influence in future [as Murdoch] and we’ve got to stop that happening,” he said.
Cable was stripped of his power to decide whether News Corp should be allowed to buy the shares in BSkyB it does not already own, after he was recorded by undercover reporters saying he had “declared war on Mr Murdoch”.
Meanwhile, he said News International had engaged in “heavy lobbying” of Liberal Democrats after its parent company made a bid for Sky, although he said the efforts were “perfectly legal”.