Cable: Intervention ‘appropriate’

Vince Cable, the business secretary, confirms his decisions to refer News Corp’s proposed takeover of BSkyB to the regulator Ofcom:

“On the basis of the information and submissions available to me, I have decided that it is appropriate to issue an intervention notice in this particular case.

“The independent experts at Ofcom will now investigate and report to me on the media plurality issues that may arise from this proposed acquisition.”