There is news that the government is trying to accelerate the process of divestment of Sky News. And this is being done by accelerating the plans of British Sky Broadcasting to sell its stake.

Rival media groups have shown their unacceptability and have said in a statement sent to Jeremy Hunt, the culture secretary that the step is totally unfair and against them.

The letter was sent to the minister by Slaughter and May, the solicitors representing BT, the Guardian Media Group, Daily Mail and General Trust, Trinity Mirror and the Telegraph Media Group. He received it yesterday night and since then a lot of hullaballo is occurring across the news.

A source close to the development revealed that the owners of media groups have shown their dissatisfaction and said that they were forced to take such a step after news of divestment came up in the Financial Times.

The news report has said that News Corp is offering £8.3 billion as part of its bid for BskyB. The letter further added that if the deal goes through then media will lose its power in UK.