News Corp. currently holds a 39% stake in BSkyB, and is looking to buy the remaining 61% for 7.8 billion pounds, or approximately $12.4 billion. The proposal has gained opposition from BSkyB's rival news outlets as well as the Church of England. Many argue that through the acquisition, News Corp. and CEO Rupert Murdoch would gain too much control of the British media. News Corp. already owns four major U.K. newspapers, including the nation's largest publication, News of the World. By buying out Sky, News Corp. would acquire its 10 million customers, or close to 66% of the pay-TV subscribers in the U.K. U.K. culture secretary Jeremy Hunt is expected to announce a final decision on the proposed buyout by the end of the month. -- Written by Theresa McCabe in Boston. >To contact the writer of this article, click here: Theresa McCabe. >To follow the writer on Twitter, go to @TheresaMcCabe. >To submit a news tip, send an email to: email@example.com.