BSkyB says it is still fit to broadcast May 2, 2012 BSKYB yesterday defended itself against mounting political pressure over its biggest shareholder News Corp, insisting that it remains a “fit and proper” British broadcaster. News Corp also leapt into defence mode yesterday following a bruising parliamentary report on phone hacking at its subsidiaries. Its directors stated their “full confidence in Rupert Murdoch’s fitness and support [...]
BSkyB beats forecasts with record profits May 2, 2012 BSKYB yesterday shrugged off the furore surrounding its parent firm News Corp to post a record profit for the nine months to March. As rumours swirled about the firm’s future following a parliamentary report criticising News Corp and owner Rupert Murdoch, BSkyB delivered operating profit of £908m. Pre-tax profit rose 27.5 per cent to £899m. [...]
Oodles of cash: no wonder Murdoch wanted to buy May 2, 2012 SO that’s what all the fuss was about. Anyone wondering why Rupert Murdoch wanted to buy BSkyB outright, and why he will not sell down his 39 per cent stake without a fight, need only look at the satellite broadcaster’s third quarter results. Although the 15,000 new TV subscribers added in the quarter is nothing [...]
Everything Everywhere grows as users turn to smartphones May 2, 2012 EVERYTHING Everywhere, the UK’s largest mobile network provider, yesterday reported a strong uptake of smartphones in its first quarter, boosting core growth. Underlying service revenues, excluding the impact of regulatory cuts, grew by 2.9 per cent in the first quarter to £1.5bn. But enforced cuts to mobile termination rates – the amount telecoms companies charge [...]
After accusations he is unfit to run BSkyB, should Rupert Murdoch be forced to sell? May 2, 2012 YES Joe Cox Whether or not Rupert Murdoch is forced to relinquish his dominance over the British media landscape should be more than about whether he is a “fit and proper” person. The important question is whether it is in the public interest for someone to be so dominant in the media market and, by [...]
Media giant under siege as MPs strike May 1, 2012 RUPERT Murdoch was yesterday lambasted by a powerful group of MPs for turning a blind eye to instances of wrongdoing at News International. The House of Commons’ culture, media and sport committee found after its five-year investigation concluded yesterday that “the whole affair demonstrates huge failings of corporate governance at [News International] and its parent [...]
Shares in News Corp rise while Murdoch slated May 1, 2012 AS MPs in London produced the most damning report so far of Rupert Murdoch’s stewardship of his UK newspapers, shares of his global media group somewhat perversely rose. The Commons culture, media and sports committee yesterday concluded that Rupert Murdoch and his son James exhibited a “wilful” blindness towards phone-hacking at the News of the [...]
4G set to boost economy and UK investments April 30, 2012 THE ROLLOUT of superfast mobile broadband will boost the UK’s economy and stimulate a chain of investment, according to Capital Economics. Research commissioned by telecoms giant Everything Everywhere, the UK hybrid of Orange and T-Mobile, suggests that the latest generation of mobile network – called 4G – will necessitate a £5.5bn direct private sector investment in the UK [...]
Murdoch must be stripped of BSkyB stake, says Labour April 29, 2012 HARRIET Harman, the shadow culture secretary, yesterday called for News Corp to be stripped of its 39 per cent stake in BSkyB. Speaking on the Sunday Politics Show, Harman said that Rupert Murdoch was “not a fit and proper person” to own a broadcast licence because of the “widespread criminality” that went on at his [...]
Ofcom deepens probe into BSkyB’s broadcast licence April 26, 2012 OFCOM has stepped up its probe into whether BSkyB remains “fit and proper” to hold a broadcast licence, it emerged yesterday. The investigation into whether News Corp is an appropriate dominant shareholder of the satellite broadcaster has focused so far on publicly available information, such as from newspaper reports and the Leveson inquiry. But last [...]