James Murdoch Re-Elected To BSkyB Board

LONDON, Nov 1 (Reuters) - James Murdoch was re-elected to the board of BSkyB on Thursday, ensuring his family's media empire retains a direct influence at Britain's biggest pay-TV company despite being weakened by a phone hacking scandal.

James Murdoch, forced to quit as BSkyB chairman in April over his role in the scandal at his father Rupert's News Corp , was re-elected as a BSkyB director with around 95-percent support in a shareholder vote at an annual meeting.

The re-appointment came after BSkyB, which is 39-percent-owned by News Corp, posted strong first-quarter earnings growth, with price rises and the sale of additional products to subscribers reassuring investors who had feared a slowdown.

BSkyB shares were up 7 percent in afternoon trade. The stock had come under pressure from fears the provider of pay-TV, broadband and telephone services would struggle to grow in a weak economy and maturing market."

http://www.huffingtonpost.com/2012/11/01/james-murdoch-re-elected-to-bskyb-board_n_2057524.html