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JAMES MURDOCH SURVIVES ANOTHER PROTEST

November 1, 2012 by · Leave a Comment 

Despite their uproar over the possible reelection of James Murdoch to a seat on the board of British satellite-TV group BSkyB, Murdoch’s opponents succeeded in mustering just 5 percent of shareholders’ votes at the company’s annual investors meeting in London today (Thursday). Earlier this year, Murdoch was forced to step down as chairman of BSkyB in the wake of the telephone hacking scandal involving News Corp’s News International, from which he also resigned. News Corp owns a controlling interest (39 percent) in BSkyB. Activist investors who opposed Murdoch’s reelection have apparently lost ground since last year, when they represented 19 percent of shareholders who voted against his reelection to the board while he was still chairman. In September, OFCOM, the British broadcasting regulator ruled that while BSkyB was “fit and proper” to hold a broadcasting license, it strongly criticized Murdoch for what it said was his failure to deal with the telephone hacking scandal, raising questions about his competence.