UK regulator finds BSkyB 'fit and proper'

LONDON (AP) ? Britain's communications regulator has found British Sky Broadcasting a "fit and proper" organization to hold a license despite criticism of the company's former chief executive and chairman, James Murdoch.

The announcement on Thursday was a response to the phone hacking scandal at a newspaper owned by Rupert Murdoch's News Corp., which effectively controls BSkyB through a 39 percent shareholding.

The agency, known as OFCOM, concluded that James Murdoch was not complicit in a cover up at the tabloid News of the World, but his failure to initiate appropriate action on a number of occasions was "difficult to comprehend and ill-judged."

Since February, James Murdoch has been a non-executive director of the company, and one of only four people on the 12-member board with connections to News Corp.

Source: http://news.yahoo.com/uk-regulator-finds-bskyb-fit-proper-071120732.html

city of ember city of ember virgin diaries kevin smith kevin smith carlos mencia packers stock sale