Murdoch Defends Son as New CEO of BSkyB
James Murdoch weathered a storm of intense criticism at his debut British Sky Broadcasting Group shareholder meeting, as Chairman Rupert Murdoch fiercely defended his son’s appointment as chief executive.
“There is no conflict of interest,” the elder Murdoch said.
There were bitter words from the audience. “You have an arrogance to shareholders that is appalling,” one investor said.
Despite the furor, James Murdoch was confirmed as a board member.
BSkyB also reported earnings of $150 million in the three months ended Sept. 30, compared with break-even in the same period last year. Revenue increased 17% to $1.42 billion.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.