Ofcom judges Sky to be ‘fit and proper’ – but not James Murdoch
Media regulator Ofcom has delivered its long awaited verdict on whether Sky is a ‘fit and proper’ company to hold a broadcasting license, concluding that is indeed worthy.
The investigation was instigated in the wake of the phone hacking scandal which rocked Rupert Murdoch’s News Corp, holder of a 39% stake in Sky.
The report made less rosy reading for Sky’s former chairman, James Murdoch, however after he was criticised for actions which ‘repeatedly fell short of the conduct’ expected of someone in his position.
The regulator stopped short of accusing James Murdoch of deliberate wrongdoing however, noting that there was no evidence to support this.
In a statement Ofcom declared: “Ofcom considers that, on the evidence currently available and having taken into account all the relevant factors, Sky is fit and proper to hold its broadcast licences."
Ofcom said, warned however, that the investigation remained live and "should further evidence become available", it would reconsider its findings.