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Old 29-07-2011, 19:16   #956
Maggy
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Join Date: Jun 2003
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Re: [Update] The News Corp scandal

http://dealbook.nytimes.com/2011/07/...ef=global-home

Seems the bounce back has started..

Quote:
British Sky Broadcasting, the satellite television company partly owned by Rupert Murdoch, said on Friday it would buy back some of its own shares and increase the dividend to compensate investors.BSkyB, as the company is also known, said it planned a share buyback worth £750 million, or $1.2 billion, and would return another £253 million to shareholders through a final dividend of 14.54 pence a share.
Quote:
BSkyB also said its board unanimously voted in favor of keeping James R. Murdoch, Rupert Murdoch’s son and a senior executive at News Corporation, in his job as chairman of BskyB’s board. It was the board’s first meeting since News Corporation was forced to abandon its BSkyB bid.
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