Sharewatch: BSkyB Climbs Despite Shareholder Unrest

Satellite television group BSkyB was seen up 1.11% yesterday, despite shareholders forcing News Corp chairman, Rupert Murdoch, to withdraw a controversial share options package for senior executives.

Media analysts have reportedly suggested that the shareholder unrest may weaken Murdoch’s attempts to have his youngest son James replace outgoing BSkyB chief executive, Tony Ball.

Meanwhile, WPP continued to climb, up 2.13%, benefiting from its strong US exposure as economic recovery gains credibility on Wall Street.

Broader market sentiment remained bullish, despite a continued air of caution and continued profit taking in Europe.

The closing prices of media company shares on Wednesday were: