What News Corp. has lost however by transferring authority over to a new regulator is significant, effectively forfeiting control over potential concessions and submitting themselves to the intense scrutiny from a new regulatory body that may notbe as accommodating as Hunt, who green-lit the acquisition as early as March.
The recent election strengthened the hand of those who want to extend all the tax rates at current levels, but the lame duck Congress may be a little cranky and not in an accommodating mood.