Wednesday, August 17

Murdoch's son job as to keep BSkyB of Chairman

Two sources informs the Board meeting in LONDON, Jul - James Murdoch unanimously was confirmed as Chairman of the BSkyB Board, winning a reprieve from a phone hacking scandal, which draw him on several studies which threatens told of Reuters.

Thursday at the meeting of the Board of BSkyB was his first forced, because the crisis News Corp close the news of the world newspaper, drop a $ 12 billion bid for BSkyB and to offer, James and his father Rupert answer questions in the British Parliament.

He had several shareholders step down to avoid conflicts of interest, for fear of contamination by the scandal, which acquired new dimensions earlier this month, when it was revealed that a murdered schoolgirl had hacked her phone, required.

One of the sources, said: "The role of Chairman was full, discussed" and added that the Board external developments would be monitoring the Presidency ongoing for Murdoch's relevant could be.

Murdoch operations do not monitor the news of the world at the time the hacking occurred, but large contributions to victim approve, after he free News Corp British newspaper operations recorded.

He was Chief Executive of BSkyB before he moved to News Corp and is regarded widely as have done a good job.

On Thursday, a children's charity said the mother of an other murdered student, which was championed by the news of the world the "Sarah's law" anti-pedophile campaign had said that their own phone may have targeted.

The Phoenix Foundation, a children charity, Sara Payne after her daughter Sarah by a pedophile 11 years ago was killed, founded said that the police employs the tabloid had found their information on a list of the investigator.

The anti-pedophile campaign was a pet project of then editor Rebekah Brooks, who was arrested earlier this month.

The phone hacking scandal is now the subject of three separate investigations in the UK: a study of the judicial police, a parliamentary probe and an inquest, which opened on Thursday.

Murdoch's testimony given in Parliament last week has already been in question by two ex-news of the world Manager called, who say that he was aware, showed that the hacking on a few "rogue" was limited to people.

Which today no longer existing tabloid newspaper of the last editor and his Chief lawyer said that Murdoch was been confused, as he Parliament, he said an email with proof unaware of hacking, when it approves a large payment to the victim had been.

Murdoch said that he, the Chairman of the Parliamentary Committee of the survey of Murdoch's has by his statement, State while, that he will seek further clarification.

Richard Levick, President and CEO of Levick strategic communications, who advised countries and companies on issues such as the U.S. prison camp in Guantanamo Bay and the recent Wall Street crash, says the crisis is far from over.

"If you look at the arc of crisis, are their worst days behind them is not." It is parallel in many ways to Watergate. Watergate took 18 months to develop. It seems that this is one of the elongated crises is, "he told Reuters."

The Murdoch's are further questions by a judge-led inquiry ordered after Prime Minister David Cameron in response on the public outcry.

Cameron's image has by its support for his ex-speaker Andy Coulson, a retired news of the world editor tarnished been, who was arrested earlier this month.

Judge Brian Leveson, who followed in the 1990s, serial killer Rosemary West leads the investigation into the phone hacking allegations, media ethics and the relationship between media organizations, police and politicians.

On Thursday, calls for all parties to consider the public interest, not only their own. He has to call the authority is a party to give evidence under oath on the request, the planned about a year.

"It perhaps tempting for a number of people to close ranks and suggest that the problem is or local to a small group of journalists, which was then on the news of the world," he told a news conference in London.

"I urge all to take a larger view of the public good and help me hook with the length, width and depth of the problem."

News Corp shareholders have called for a review of corporate governance as the crisis of spreads.

A spokesman for the co-operative asset management, retail in News Corp and BSkyB, said Thursday: "we believe radical reform is necessary to both companies, but to News Corp in particular and in fact in the newspaper industry in the United Kingdom, to weed out the kind of illegal or grossly invasive practices, which are reportedly."

BSkyB Board meeting in London Thursday announcement took place on the eve of the company's quarterly results. The results are likely to continue to hope a strong achievement for the company and investors that a special dividend also is announced.

The Board had said for the last year, not to consider that while such a measure it was a takeover target and many brokers are now stoking hopes for a payout.

Analyst Ian Whittaker liberum capital however warned that at the moment can be too politically sensitive.

"In view of fast-moving events of the past two weeks, management can feel now is not the right time, a special dividend, in particular in view of the potential complications of 39 per cent of shareholders News Corp., a significant level of the cash back to known to give", he said.

"Historically, BSkyB management stressed investment on a return of cash-back."

Copyright 2011 Thomson Reuters.

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