The market leader and only viable operator of digital satelite broadcasting,British Sky Broadcasting has felt the effects of a sale of $1.5 billion dollars of bonds, to cut heavy debts, owned by News Corporation, which are convertible into Sky stock, again signalling amongst the rampant bears that Mr Rupert Murdoch,who is the majority owner of newscorp and BSkyB maybe about to cut his interests in Sky.
The sky is still the limit for this broadcaster and even if the bears start to lick the share price again and maul it Mr Murdoch has aleways beena sy man and only the very short sighted would imagine he would bail out without a fight.
Thats not his nature just ask the printers from the 80's,who watched as he turned around Fleet street and emblazed the way forward.
He aint going just yet,he just has to cough up a couple of quid.
STOCKSURGERY
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