James Murdoch Re-Elected Sky Chairman, Surviving Shareholder Uprising

Sky CEO Jeremy Darroch at Sky’s London HQ

Sky CEO Jeremy Darroch at Sky’s London HQ

Mr Murdoch won 51% of votes cast by independent shareholders at the annual general meeting - up from 49% past year.

The broadcaster's motion to reappoint Mr. Murdoch as chairman passed with 78% of votes, while approval of the remuneration report passed with 71%.

James Murdoch is poised to defend his position as Sky's chairman at its annual shareholder meeting on Thursday.

Martin Gilbert, the deputy chair, said the board had looked at the Fox takeover in the best interests of shareholders and had impartial discussions that did not include Murdoch or other Sky directors with connections to Fox.

When asked by the culture, media and sport select committee about how the decision was reached White said that a thorough review had been carried out adding "We did not find a particular concern that would have caused us to believe that Sky News in particular and Sky as a broadcaster, post-transaction, would not be a fit and proper broadcaster", adding that Sky "currently has a very strong record of compliance on broadcasting".

The shareholder, Hugh Lawson, said: "I think the board lacks independence".

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"Independent oversight of the board is particularly important given Fox's ongoing bid to acquire Sky".

Sharon White, Ofcom chief executive, has defended the decision made by the regulator over 21st Century Fox's proposed takeover of Sky.

Overall, Britain´s Competitions and Markets Authority will assess the impact of the Murdoch family´s proposed deal on both broadcasting standards and media plurality.

21st Century Fox and News Corp, parent company of Dow Jones, share common ownership.

Its bid, which is strongly opposed by some lawmakers and is subject to lengthy regulatory scrutiny, hangs over the European pay-TV group, which reported quarterly results earlier on Thursday.

He told shareholders he was "pretty confident" that this would not have an effect on the CMA's investigation.

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Like-for-like revenues were up five per cent to £3.3bn in the three months to 30 September, from £3.1bn this time past year.

Game of Thrones helped Sky increase customer numbers by 51 per cent in the first quarter, as revenue and earnings also grew.

"We continue to see strong customer demand for our products and services, so net customer additions in the quarter are 50 percent higher than previous year", Darroch told reporters.

He said the company was seeing good demand for its flagship Sky Q product as well as for its streaming service Now TV.

Shares of Sky, which are valued at 1075p under 21st Century Fox's takeover bid, closed 13p higher at 926.5p.

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