Sky suffers shareholder revolt over directors' pay and James Murdoch re-election

Sky suffers shareholder revolt over directors' pay and James Murdoch re-election

Sky suffers shareholder revolt over directors' pay and James Murdoch re-election

Fox, which now owns 39.1% of Sky, is trying to buy full control of the business in a deal that would value the parent of Sky News at £18.5bn.

"There´s nothing wrong with Mr Murdoch - but it is because of the name".

While just under 71% of investors voting did so in favour of the report, some 29% voted against approving the report.

Today, Sky noted that if 21st Century Fox's offer is not approved by the CMA by the end of the year, a special dividend of 10p per Sky share will be paid to shareholders in February 2018.

Murdoch got 78.0 percent of the shareholder vote in his support, up from 71.6 percent previous year.

"The board notes the significant vote against. the Directors' Remuneration Report, and. the re-election of James Murdoch, and will continue to engage with shareholders to understand their views as part of its ongoing programme of engagement", the company said on Thursday.

The shareholder, Hugh Lawson, said: "I think the board lacks independence".

The British government referred Fox's $15 billion (11.38 billion pounds) bid for a detailed investigation by the Competition and Markets Authority (CMA) last month to assess the Murdoch family's commitment to British broadcasting standards and its influence in the media.

The committee includes Mr Gilbert, Jeremy Darroch, Sky's chief executive and Andrew Griffith, Sky's chief operating officer.

European pay-TV giant Sky, facing a possible takeover by Rupert Murdoch´s 21st Century Fox, announced Thursday a surge in subscribers on keen demand for cult United States series Game of Thrones.

Quizzed by Labour MP Paul Farrelly about whether recent allegations about sexual harassment at Fox News had been taken into consideration, Ms White explained that Ofcom had looked in detail at the corporate governance of both companies, both recently and longer ago.

Its bid, which is strongly opposed by some lawmakers and is subject to lengthy regulatory scrutiny, hangs over the European pay-TV group, which reported quarterly results earlier on Thursday.

He told shareholders he was "pretty confident" that this would not have an effect on the CMA's investigation.

He said the company was seeing good demand for its flagship Sky Q product as well as for its streaming service Now TV.

The group said Game Of Thrones was its "most-watched series ever", while it also hailed home-grown series Riviera after it notched up 20 million downloads.

Sky shares at 1350 GMT are up 17 pence at 930.50 pence.

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