Sunday, April 22, 2018

© Reuters.  Independent Sky shareholders vote to back Murdoch as chairman© Reuters. Independent Sky shareholders vote to back Murdoch as chairman

  • Most independent shareholders at today’s annual meeting for European TV firm Sky (OTCQX:SKYAY) backed James Murdoch as the company’s chairman, setting aside questions of his independence as Fox (FOX, FOXA), where Murdoch is CEO, pursues a full Sky buyout.
  • Lobby group the Institute of Directors had urged Sky to oust Murdoch if he were opposed by most independent shareholders.
  • Referring to allegations of sexual and racial harassment at Fox News, independent Sky director Martin Gilbert said he was “pretty confident” events at Fox News wouldn’t affect a UK regulator’s review of Fox’s bid to buy the remaining 61% of Sky.
  • Now read: Wall Street Breakfast: FOMC Minutes Don’t Move Rate Hike Expectations

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