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: Retailers contort brick-and-mortar experience to fit phone-sized space

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

Chinese tech giant Alibaba set to make a splash with US IPO

14 hours ago

The largest tech IPO of the year will come from a company that many Americans have never heard of. Alibaba Group - a Chinese e-commerce behemoth - has decided to go public in the U.S. after months of speculation that it would ...

Ex-Apple chief plans mobile phone for India

Apr 19, 2014

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Airbnb rental site raises $450 mn

Apr 19, 2014

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

User comments : 0

More news stories

Finnish inventor rethinks design of the axe

(Phys.org) —Finnish inventor Heikki Kärnä is the man behind the Vipukirves Leveraxe, which is a precision tool for splitting firewood. He designed the tool to make the job easier and more efficient, with ...

Making graphene in your kitchen

Graphene has been touted as a wonder material—the world's thinnest substance, but super-strong. Now scientists say it is so easy to make you could produce some in your kitchen.

Poll: Big Bang a big question for most Americans

Few Americans question that smoking causes cancer. But they have more skepticism than confidence in global warming, the age of the Earth and evolution and have the most trouble believing a Big Bang created the universe 13.8 ...