BSkyB to return £1bn to its shareholders

[dipsydoodle]

Source: BBC News

Satellite broadcaster BSkyB is returning £1bn to shareholders angered by the recent fall in share prices.

Its shares have fallen sharply in the past month after News Corporation abandoned its bid for BSkyB amid the phone-hacking scandal.

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BSkyB is raising its dividend 20% to 23.28 pence per share and has announced a £750m share buyback.

This should help to placate shareholders, as the value of their shares has fallen 15% since in the past month.




Read more: http://www.bbc.co.uk/news/business-14338032

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I'd already posted this but elsewhere : On Thursday, BSkyB's board confirmed that James Murdoch would stay on as company chairman, despite the phone-hacking scandal at News International, a News Corporation subsidiary where Mr Murdoch is also chairman.

[florida08]

1. Money and power talk

for a while anyway..he's not in the clear yet

A committee of MPs will be asked to recall News International chairman James Murdoch to give more evidence on phone hacking.

Mr Murdoch told MPs he had not been "aware" of an email suggesting hacking went wider than a "rogue" NoW reporter.

Mr Myler and Mr Crone have both disputed this.

http://www.bbc.co.uk/news/uk-14336691

[beac]

2. I think the BSkyB board may come to regret the faith they've placed in Murdoch Jr.

James Murdoch likely to be recalled to face MPs after challenges to his evidence.

Commons committee 'very likely' to recall BSkyB chairman following phone-hacking statement from News International's former director of legal affairs and two other ex-executives.

http://www.guardian.co.uk/media/2011/jul/29/james-murdoch-likely-recalled-mps

First two and now THREE people are as much as saying he LIED to Parliament.