Sky Shareholders Approve Reappointment of James Murdoch as Chairman
13 October, 2017, 00:35 | Author: Warren Cooper
Martin Gilbert, the deputy chair, said the board had looked at the Fox takeover in the best interests of shareholders and had impartial discussions that did not include Murdoch or other Sky directors with connections to Fox.
Royal London, which holds a 44 million pound ($58 million) stake in Sky, was one of the investors which planned to vote against James Murdoch's re-election, saying he could not effectively represent independent shareholders while he was chief executive of Fox. It also said executive pay at Sky was too complex and that bosses could receive huge payouts if the Fox deal goes through.
Some investor groups had expressed unease over him serving longer, in light of James being also chief executive of 21st Century Fox - which is seeking to buy the 61 percent of Sky it does not already own.
Nearly 22 percent of all shareholders opposed Mr Murdoch and 48.5 percent of independent shareholders.
In response to the question about the Fox News scandal, Darroch said the "whole board are incredibly supportive and behind Sky" and that it wanted to make a "broader contribution" to society.
In response, Martin Gilbert, Sky's deputy chairman, pointed out that Sky's board had formed an independent committee to evaluate the terms of 21st Century Fox's takeover, which he said had met 11 times since the takeover approach was tabled in December a year ago.
They claimed that, because Fox is now trying to buy full control of Sky, he could not be a completely independent chairman of the latter.
UK's Competition and Markets Authority (CMA) has set out more details about what it intends to examine in its investigation into the proposed takeover of Sky Plc by 21st Century Fox, which owns STAR India.
Earlier, Sky reported what were regarded by City analysts as strong results for the first three months of its financial year.
Mr Darroch said it was a strong start to the new financial year: "Against the backdrop of pressure on consumer spending and lower spend on United Kingdom television advertising, we were particularly pleased with our own EBITDA growth of 15% in our established business".
According to the statement it released today, European production business is a key priority for growth and the company will be investing 25% more in Sky Originals programming across its territories this year.
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.
Henriques scored 62 off 46 balls, including four fours and four sixes, while Head made 48 with the help of five fours and a six. India enjoy an excellent head-to-head record against the visitors, having won 10 and lost four out of the 14 matches played.
Mr Lee was quoted as saying the plans included blueprints for attacks to eliminate North Korean leader Kim Jong Un . Trump is expected to send a strong message to North Korea on his first trip to Korea as commander-in-chief.
Naming former President Clinton's experience as a Rhodes Scholar, Jimmy Carter's work as a nuclear engineer and George H.W. Trump on Saturday denied a frayed relationship with Tillerson but said he sometimes wishes Tillerson would be "tougher".
Under the Reagan Administration, the USA quit UNESCO in 1984, at the time accusing the agency of a pro- Soviet Union bias. The Israel controversy re-ignited this summer after UNESCO named Hebron's city center a Palestinian World Heritage Site .
Should Opec keep pumping at similar levels to September, the market could move into a deficit next year, the report indicates. Brent crude futures LCOc1 were trading down 14 cents, or 0.3 percent, to $56.47 per barrel by 12:32 p.m.
Features that come with the update could also take up more processing power, and older phones may simply struggle to keep up. Since it's a beta version, there is no any option of the new emojis in the original Twitter app.
Hatheier said the shark was "stressed" because it was trapped between the rocks, separated from the ocean and his natural habitat. A Sydney real estate agent has been captured putting fear aside and wrangling a shark during a mid-morning dip in Cronulla.
Kuo says that Apple will do so to maintain an equal user experience for the iPhone X and iPads as well, MacRumors reports. Analysts have been claiming that a lot of people will upgrade to the iPhone X and it has been referred as a super cycle.
Sylvester Stallone To Direct, Produce Creed 2
That director is Sylvester Stallone , going behind the camera for the first time since 2010's The Expendables . Sylvester Stallone has revealed himself to be the director and producer of the Rocky spinoff Creed 2 .
D'backs look to former Dodger
The Dodgers have a 2-0 series lead in the best-of-five divisional round following an 8-5 win over Arizona Saturday night. Finally, in his sixth big-league season, Arizona Diamondbacks left-hander Patrick Corbin will make his postseason debut.