Sky investors back reappointment of chairman James Murdoch

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The Institute of Directors had urged Sky top consider replacing Murdoch as chair if he had fallen below 50 percent support of shareholders not affiliated with Fox.

Mr. Murdoch is also chief executive of 21st Century Fox Inc.

Murdoch said at the Sky annual meeting that the companies were "engaged constructively with the regulatory authorities" about the deal.

Despite their position, Murdoch's level of support actually increased from 47% past year, and the votes attached to Fox's 39% shareholding in Sky meant that both his reappointment and the remuneration report were approved comfortably overall.

(FOX), which has agreed to take full control of Sky, in a deal now being scrutinized by United Kingdom regulators.

In a stock exchange announcement detailing the AGM vote, Sky said: "The board is pleased that the majority of resolutions have been passed with a high level of support from shareholders. Fox is getting a sweetheart deal out of this and mainly I think it's because of the lack of independence on the board".

This week the Competition and Markets Authority (CMA) outlined how it will examine the deal and the impact on media plurality and broadcasting standards in the United Kingdom and invited submissions for the six-month investigation.

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"Are you confident that the CMA won't unearth new Fox scandals which derail the bid?", Alaphia Zoyab from activist group Avaaz asked.

A United Kingdom investigation into a planned takeover of TV giant Sky by Rupert Murdoch's 21st Century Fox will assess the tycoon's influence on the country's political landscape, regulators said Tuesday.

Like-for-like revenues during the three months to the end of September were £3.3bn, up 5.5% on the same period a year ago, while EBITDA (earnings before interest, taxation, depreciation and amortisation) rose by 11% to £582m.

"We continue to see strong customer demand for our products and services, so net customer additions in the quarter are 50 percent higher than previous year", Darroch told reporters.

Jeremy Darroch, Group Chief Executive, said that the good revenue growth and excellent profit growth was achieved against the backdrop of pressure on consumer spending and lower spend on United Kingdom television advertising.

Chief Executive Jeremy Darroch said Sky was growing both revenue and profit in a tougher consumer market thanks to its new products, and a TV line-up that includes thriller "Riviera", its most successful original production to date, and "Game of Thrones". The company launched new streaming services in Spain and Switzerland in the quarter.

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