The Government have today taken up the powers of the 2002 Enterprise act to order an investigation into BSkyB's purchase of a 17.6% stake in ITV (here).
This is despite the fact that the OFT already have an investigation going on into the purchase. So now taxpayer's are paying for 2 separate investigations into the ownership of BSkyB.
No doubt Alistair Darling is hoping to make a Government 'stand' against Rupert Murdoch; just a few months before Gordon Brown assumes the Premiership and Darling himself becomes Chancellor. This stand against evil Rupert will no doubt go down well with the Labour Troops.
However, under the recent Communications act the Government cravenly allowed companies to buy into terrestrial channels. This was to allow Murdoch to buy into Channel 5 - indeed it was christened the Murdoch Clause. Now that Murdoch Junior has abused this the Government are able to feign injury.
Not riled enough is my bet for anything to happen. Everything BSKYB have done is legal and Virgin Media are just bitter. So this is all about grandstanding and points scoring; but don't worry, it is only taxpayers who have to foot the bill.