U.K. Regulator Says BSkyB “Fit” to Hold License

U.K. communications regulator Ofcom ruled Thursday that pay-television operator British Sky Broadcasting Group, which counts News Corp. as its biggest shareholder, remains a “fit and proper” holder of its U.K. broadcasting license, following a lengthy investigation.

But it criticized Sky’s former chairman James Murdoch, saying his conduct “repeatedly fell short of the conduct to be expected of him as a chief executive officer and chairman.”

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