News Corp agrees BSkyB merger remedy

News Corp has agreed with regulators the final terms of a merger remedy to allow it to proceed with its proposed bid for British Sky Broadcasting.

The document was passed to the office of Jeremy Hunt, the culture secretary, on June 22, and all parties now expect him to announce early next week that he will put the revised remedy out for a short period of consultation. The revised terms have tightened guarantees offered by Rupert Murdoch’s News Corp for the editorial and financial independence of a spun-off Sky News company