Murdoch Jnr appointed BSkyB chief

net1

James Murdoch has been confirmed as the new chief executive of pay TV giant BSkyB in a move likely to spark fury among shareholders who believe the son of chairman Rupert was a shoo-in for the job.
A board meeting this afternoon controversially confirmed the 30-year-old would take over from Tony Ball, with his appointment due to be rubber-stamped at next week's annual general meeting.

Sources close to the situation confirmed he had been appointed. A statement is expected later tonight.

The announcement will anger investors who have accused the BSkyB board and its chairman, Rupert Murdoch, whose News Corporation group has a 35.4% stake in the company, of riding roughshod over recently imposed corporate governance guidelines.