BREAKING NEWS

James Murdoch confirmed as BSkyB chairman

By REUTERS

JULY 28, 2011 21:14

LONDON - James Murdoch was unanimously confirmed as chairman by BSkyB's board, winning a reprieve from a phone-hacking scandal that threatens to draw him into multiple investigations, two sources briefed on the board meeting told Reuters.

Thursday's meeting of the BSkyB board was its first since the crisis forced News Corp to close the News of the World newspaper, drop a $12 billion bid for BSkyB and offer up James and his father Rupert to answer questions in the UK parliament.

Several shareholders had demanded he step down to avoid conflicts of interest, fearing contamination from the scandal that acquired new dimensions earlier this month when it was revealed that a murdered schoolgirl had had her phone hacked.

One of the sources said: "The role of chairman was discussed at some length," and added that the board would be monitoring external developments that might prove relevant to Murdoch's continuing chairmanship.

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