Tuesday, November 29, 2011

James Murdoch re-elected chair of BSkyB

LONDON (AP) ? James Murdoch has been re-elected as the chairman of broadcaster BSkyB at the company's annual meeting.

Protesters had called for Murdoch to resign as a director of BSkyB at its session Tuesday because of his links to the phone hacking scandal at News Corp., which owns 39 percent of the company.

The company says Murdoch won the support of 81.24 percent of shareholder votes, while 18.76 percent voted against him.

Murdoch has been grilled by British lawmakers about phone hacking at the now-closed News of the World newspaper.

An effort to oust him from the News Corp. board fell short last month with 35 percent of the vote at the company's annual meeting.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

LONDON (AP) ? Protesters are calling for James Murdoch to resign as chairman of satellite broadcaster BSkyB at the company's annual meeting over his links to the phone hacking scandal at News Corp.

Campaigning group Avaaz says it plans to lobby outside the meeting in central London Tuesday.

Murdoch has been grilled by British lawmakers about phone hacking at the now-closed News of the World newspaper. An effort to oust him from the News Corp. board fell short last month with 35 percent of the vote at the company's annual meeting.

Pensions and Investment Research Consultants ? a corporate governance lobby group ? says Murdoch is closely associated with the phone hacking scandal and damages the public reputation of BSkyB.

Rupert Murdoch's News Corp. controls 39 percent of BSkyB.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2011-11-29-EU-Britain-BSkyB/id-b5cb9429e90140709bc5f77eb1029692

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