James Murdoch Likely to Remain BSkyB Head Despite Phone Hacking Scandal
LONDON -- James Murdoch is likely to remain chairman of satellite company BSkyB after winning the support of the leading independent director ahead of a board meeting on Thursday, according to The Guardian.
Nicholas Ferguson, Sky's deputy chairman, is understood to have given Murdoch his backing after a "long conversation" in a private meeting, despite continuing questions about the role played by Rupert Murdoch's youngest son in the phone-hacking scandal.
Ferguson, whose role is essentially to act as an intermediary between shareholders and the chairman, has also spoken with leading investors in the publicly listed company following News Corp.'s decision to withdraw its bid for the 61% of Sky it does not already own.
The board is understood to be satisfied that there is support for the chairman, who is also News Corp deputy chief operating officer, despite the phone-hacking furor of the past three weeks.