James Murdoch likely to remain at BSkyB
July 27, 2011
James Murdoch is likely to remain chairman of satellite company BSkyB after winning the support of the leading independent director ahead of a crunch meeting later this week.
Nicholas Ferguson, Sky’s deputy chairman, is reported to have given Murdoch his backing, despite continuing questions about the role played by Rupert Murdoch’s youngest son in the phone-hacking scandal.
Ferguson, whose role is essentially to act as an intermediary between shareholders and the chairman, has also spoken with leading investors in the publicly listed company following News Corp’s decision to withdraw its bid for the 61 per cent of Sky it does not already own.
The board is said to be satisfied that there is support for the chairman, who is also News Corp deputy chief operating officer, despite the phone-hacking furore.