James Murdoch easily re-elected to BSkyB board

Nov 01, 2012

(AP)—James Murdoch has been re-elected to the board of British Sky Broadcasting with little opposition.

However, his 95 percent share of the vote at the company's annual meeting on Thursday was the lowest of the 13 directors who were reappointed.

stepped down as chairman in April after months of pressure because of the investigation of at the now-defunct News of the World tabloid, which was part of 's ., the biggest single shareholder in BSkyB.

James Murdoch now serves as a non-executive director. The son of Rupert Murdoch is also on the board of News Corp., where he is deputy chief operating officer.

Eight people have been charged with phone hacking offenses but none of the cases has yet come to trial. However, the scandal forced News Corp. to pull its bid to take full control of BSkyB.

Also Thursday, BSkyB reported that third-quarter net profit was down 3 percent at 219 million pounds ($353 million) as higher operating costs offset a 2.5 percent gain in revenue.

Despite the fall in profit, investors were generally impressed by a 4 percent increase in revenue to 1.715 billion pounds and by a 5 percent spike in operating profit to 310 million pounds.

"Growth in the total number of customers continue to moderate, but revenue growth is now being driven by existing customers taking additional products," said Sam Hart, an analyst at Charles Stanley.

's share price was up 8 percent at 759 pence in afternoon trading.

Explore further: Judge approves $450 mn deal in Apple ebook suit

not rated yet
add to favorites email to friend print save as pdf

Related Stories

James Murdoch steps down as BSkyB chairman

Apr 03, 2012

(AP) -- Media executive James Murdoch, under pressure over his role in Britain's tabloid phone hacking scandal, has stepped down as chairman of British Sky Broadcasting PLC, the company announced Tuesday.

BSkyB declares itself 'fit and proper'

May 02, 2012

(AP) -- British Sky Broadcasting PLC on Wednesday defended itself as a "fit and proper" company, a day after Rupert Murdoch, the chief executive of the satellite broadcaster's biggest shareholder, was branded ...

News Corp. net profit dips on British charges

Nov 02, 2011

Rupert Murdoch's News Corp. posted a slight decline in quarterly net profit on Wednesday, partly due to one-time charges stemming from the phone-hacking scandal in Britain.

UK regulator finds BSkyB 'fit and proper' (Update)

Sep 20, 2012

(AP)—British Sky Broadcasting is a "fit and proper" company to hold an operating license, U.K. regulators said Thursday in response to the phone hacking scandal that engulfed the parent company. But it criticized the former ...

Murdochs summoned to testify in phone hack inquiry

Jul 14, 2011

(AP) -- British lawmakers say News International chief Rebekah Brooks has agreed to testify before a parliamentary committee investigating phone hacking. Rupert and James Murdoch have been issued a summons ...

James Murdoch out at News International

Feb 29, 2012

James Murdoch, the younger son of media tycoon Rupert Murdoch, stepped down Wednesday as executive chairman of News International, News Corp.'s scandal-plagued British newspaper unit.

Recommended for you

Dish restores Turner channels to lineup

Nov 21, 2014

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.