BSkyB still want James Murdoch to stay chairman

BSkyB's board is still keen for James Murdoch, head of News Corp in Europe and Asia, to stay on as chairman of the pay-TV company's board, despite recent allegations of phone hacking.

Bloomberg reports that "two people with knowledge of the matter" said the younger Murdoch has the backing of key shareholders and directors of BSkyB.

The 38-year-old son of News Corp CEO Rupert Murdoch was questioned last week in Parliament over his knowledge of hacking. When his answers were contradicted by two former employees, it led many to question his future at BSkyB and News Corp.

The hacking scandal has already forced News Corp to retract its £7.8bn bid for the 61 per cent of BSkyB that it does not already own.

Shares in the company, which operates Sky television channels in England, are still 16 per cent below their level just before the scandal broke on July 4.

Read a full report at Bloomberg. ·