Sharewatch: BSkyB Falters Amid Race To Find New Chief
Satellite television group BSkyB was seen in focus yesterday, down 1.79% as investors considered reports that the broadcaster is to consider up to five external candidates to replace Tony Ball as chief executive.
The management re-shuffle has been eyed with suspicion by many investors, who claim that the company’s chairman, Rupert Murdoch, ousted Ball to make way for his youngest son James. Murdoch’s son is understood to be on the list of contenders and will benefit from the backing of Newscorp, the US media group led by his father.
Elsewhere Emap fell 1.12% after failing to benefit from the upturn in US economic activity due to its low overseas exposure.
Broader market sentiment was bullish yesterday, despite widespread profit-taking across European following a positive string of earnings reports in the US.
The closing prices of media company shares on Tuesday were:
