James Murdoch secures position as BSkyB chairman

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3 Nov 2010
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MUMBAI: The troubles may not be over yet but James Murdoch has secured his position as chairman of BSkyB. The board voted unanimously in his favour, allowing the son of Rupert Murdoch to be at the driver's seat amidst expanded investigations over News Corp's role in phone-hacking. Though several of BSkyB's shareholders had voiced their opinion for Murdoch to step down over
his role in a phone-hacking scandal at the News of the World, the board chose to back the man who has been responsible for the growth of the British satellite broadcaster in recent years. The scandal became a matter of national outrage in Britain a few weeks ago when a murdered schoolgirl's voicemails were revealed to have been intercepted. Earlier this month, News Corp dropped its bid to take over BSkyB at the height of the News of the World phone-hacking scandal but it still holds a 39.1 per cent stake in the company. James has been chairman of BSkyB since 2007.

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