MEDIA
03/08/2012 09:01 am ET Updated May 08, 2012

Report: UK regulator monitors BSkyB's license

LONDON (AP) — A report says Britain's communications regulator is monitoring allegations of phone hacking and bribery at Rupert Murdoch's London newspapers in a continuing review of whether British Sky Broadcasting is a fit and proper holder of a broadcasting license.

Murdoch's News Corp. is the largest shareholder in BSkyB with a 39 percent stake, and his son James Murdoch is BSkyB's chairman.

The Financial Times reported Friday that it had confirmed through a freedom of information request that regulator OFCOM had set up a team to monitor material emerging from the press inquiry led by Justice Brian Leveson.

The regulator potentially could force News Corp. to reduce its stake in BSkyB.

HuffPost

BEFORE YOU GO

PHOTO GALLERY
Phone Hacking/Bribery Scandal Timeline