Just lifted this from the Peston blog on the BBC
On this last issue, and as I've pointed out before, Ofcom is under a legal obligation to ensure that the owners of broadcasters such as BSkyB are fit and proper.
But pending the results of the police enquiry into alleged illegal behaviour by the News of the World, and pending a public disclosure by News International of the way that it has changed its structures and practices to ensure such abuses never happen again, Ofcom is not in a position to adjudicate whether News Corporation is fit and proper.
That poses a dilemma for British Sky Broadcasting's independent directors. They know there is an increased risk of regulatory intervention by Ofcom to frustrate the takeover.
Because of that execution risk, they would have to demand a much steeper price from News Corporation than would otherwise be the case. It is their fiduciary duty to do so - and News Corporation, run by Rupert Murdoch, will be well aware of that.
Which means that even if - as is likely - the Secretary of State Jeremy Hunt gives a green light for the bid to be launched in a couple of weeks or so, it would be both potentially expensive and very risky for News Corporation to press the button on the bid then.
My conclusion from all this, which has been corroborated by talking to those close to the two companies, is that Rupert Murdoch and News Corporation will almost certainly have to delay their takeover of BSkyB - at least until it is apparent that the News of the World and News International have been cleaned up.
And, in a worst case for Mr Murdoch and News Corporation, where the reputational damage to his organisation continues to magnify, the delay could become semi-permanent - if, for example, the perceived value of BSkyB rises beyond what News Corp would or could pay.
I must admit I find Peston a bit of a headline-grabbing prima donna, but if what he says is true I see a glimmer of hope ;)