James Murdoch has been re-elected as chairman of Sky, despite a mini-shareholder revolt, caused by his dual role at Sky and suitor 21st Century Fox.
Murdoch received the support of 51.5 per cent of the satellite broadcaster’s independent shareholders at an annual general meeting on Thursday. He is currently both chairman of Sky and chief executive of Fox.
One investor, Royal London Insurance, describes Murdoch’s position as “inappropriate”, though Sky argues his deep knowledge of the media industry makes him “uniquely well placed”.
Institutional Shareholder Services, Glass Lewis and Pirc all advised their members to vote against.
Earlier, Sky announced increased revenues of £3.3 billion and EBITDA of £582 million.
It Is currently the subject of a £11.7 billion takeover by Fox that is being considered by the Communications and Markets Authority.