Murdoch's TV group announces billions in profits
Rupert Murdoch's British television and telecommunications division has announced a profit in the billions. This comes amid the scandal involving phone hacking and bribed police officers. Furthermore, Murdoch's son James will remain chairman of the board of directors.
BSkyB posted an operating profit of 1.073 billion pounds (1.4 billion Swiss francs) in the 2010/2011 financial year. This was four percent less than in the previous year, as the company announced according to the SDA.
In addition, Rupert Murdoch's son James was confirmed as head of the BSkyB Board of Directors. There had previously been calls within the company for Murdoch to be replaced. Like his father, he had to testify before a parliamentary committee in London. He is also likely to appear before a judicial committee of inquiry, which will start in September.
