Murdochs face losing control of BSkyB after Ofcom launches ‘fit and proper’ probe following hacking scandal | Mail Online
In considering whether James and Rupert Murdoch’s News Corp are ‘fit and proper’ Ofcom will take into account any relevant misconduct from Leveson and ongoing police investigations.
Ofcom says legally it will not grant or allow a licence to be given to ‘any person unless satisfied that the person is a fit and proper person to hold it’.
What it tests exactly to decide this is not entirely clear but its own paperwork shows that individuals with criminal records or convictions are not certain to be stripped of or refused a licence.
The actions of individual directors and shareholders will have a bearing on its assessment but a revocation of a licence is extremely rare, especially as Sky has a good reputation as a broadcaster.
If these tests were failed it is far more likely that James Murdoch would be asked to stand down as chairman of BSkyB and News Corp told to sell off a proportion of its shares to a level where Ofcom are satisfied that they no longer control it.