BSkyB is attempting to head off regulatory action against its sha...
BSkyB is attempting to head off regulatory action against its shares in U.K. network ITV, the Financial Times reported Mon. Imminent govt. decisions over the satellite broadcaster’s stake in ITV are being fueled by debate over Rupert Murdoch’s influence…
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on the British govt. Virgin Group’s Richard Branson has already levied accusations of excessive govt. influence by the media mogul. Virgin Group is competitor NTL’s biggest shareholder. Separately Mon., the Financial Mail reported that son James Murdoch is preparing to leave BSkyB this summer to take a management role at News Corp. The younger Murdoch is expected to be replaced at BSkyB by Sky Italia CEO Tom Mockridge, the report said. James Murdoch will stay at BSkyB until this summer to continue oversight of new broadband and HD services recently introduced in the U.K. Analysts said the younger Murdoch’s move isn’t a surprise, but that it did happen earlier than expected. The shift paints James Murdoch as the likely successor to his father at News Corp. Rupert Murdoch currently controls 31% of News Corp.’s voting shares, to expand to 38% following the DirecTV transaction with Liberty.