BSkyB Keeps James Murdoch As Chairman

Law360, New York (July 29, 2011, 2:11 PM EDT) -- British Sky Broadcasting Group PLC said Friday it would retain James Murdoch as its chairman, backing the beleaguered News Corp. executive after a phone-hacking scandal at the New York-based media conglomerate sank the companies' planned merger.

Murdoch's future had been a big question mark ahead of BSkyB's annual meeting Thursday, but the satellite broadcaster — targeted by News Corp. for takeover until criminal allegations of snooping in the voice mails of a young murder victim and many others surfaced against News Corp. — said its board...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.