BSkyB board faces decisions on chairman, dividend
It`s the first board meeting since Rupert Murdoch`s News Corp abandoned a takeover bid for BSkyB.
London: The board of British Sky
Broadcasting meets tomorrow, facing a possible decision about
the position of its chairman, James Murdoch, after he became
embroiled in the phone hacking scandal.
It`s the first board meeting since Rupert Murdoch`s
News Corp abandoned a takeover bid for BSkyB because of the
scandal at the British tabloid News of the World.
The British papers fall within James Murdoch`s
responsibilities as CEO of the International division of News
The meeting comes a day ahead of publication of
earnings for BSkyB, which is 39 per cent owned by News Corp.
Speculation has centered on James Murdoch`s position and the
possibility of a special dividend.
Alex DeGroote, analyst at Panmure Gordon & Co, today
said that both issues probably will be up for discussion, but
he thinks Murdoch will remain as chairman of BSkyB.