FT: Ofcom to investigate if BSkyB is ‘fit and proper’ owner | The Wire | Press Gazette

by peterjukes

The intensifying scrutiny is a setback to James Murdoch, who has remained chairman of the satellite broadcasting company, in spite of stepping down last month as executive chairman of News International, which runs the group’s British newspapers.

The Ofcom probe is considering the status of both James Murdoch and News Corp, which holds a 39.1 per cent stake in BSkyB, as “fit and proper” persons to own the BSkyB licence.

Should Ofcom rule against them, it could threaten James Murdoch’s position as chairman of BSkyB or trigger a process that would force News Corp, chaired by Rupert Murdoch, to cut its stake in BSkyB to a level at which it was no longer deemed to exercise control.

via FT: Ofcom to investigate if BSkyB is ‘fit and proper’ owner | The Wire | Press Gazette.

Advertisements