James Murdoch returns as chairman of Sky, four years after he resigned in the wake of the phone-hacking scandal.
Set to become one of the most powerful figures in European television, the son of Rupert Murdoch, replaces Nicholas Ferguson, who is stepping down after 12 years on the board, Sky said Friday in a statement.
James previously ran Sky as chief executive officer from 2003 to 2007 and as chairman from 2007 to 2012, before stepping down amid the scandal at the family’s News of the World tabloid in London.
Last year, James replaced his father as CEO of 21st Century Fox, the US media giant which owns 39 percent of Sky. The appointment also will stoke expectations that Fox may increase its stake in Sky, said Erhan Gurses, an analyst at Bloomberg Intelligence.
James was the sole person to be recommended as chairman and got unanimous support from Sky’s board, CEO Jeremy Darroch said on a call with reporters.
Sky also reported a better-than-expected 12 percent rise in profit in the six months to the end of December 2015.
DTG Staff | 29.01.2016