[July 26, 2011] James Murdoch has backing of BSkyB main players so far Tweet Jul 24, 2011 (Financial Mail on Sunday - McClatchy-Tribune Information Services via COMTEX) -- James Murdoch has the backing of leading shareholders and key directors at BSkyB and has no plans to resign as chairman. Support for Murdoch comes as BSkyB is this week expected to announce profits of nearly UKpound1 billion for the year to the end of June, up 25 per cent on the previous year and clearly showing the benefits of its heavy investment in broadband and high- definition television. Those shareholders contacted by Financial Mail think Murdoch performed well enough last Tuesday at the Commons Media Select Committee inquiry into phone hacking to retain their confidence if there are no further significant revelations this week. Shareholder support has not been derailed by the subsequent furore over the claim by former News of the World editor Colin Myler and former News International legal officer Tom Crone that Murdoch misled the Committee over how much he knew about phone hacking at the paper. Allegations have been made but without, at this point, unequivocal evidence to support them, said a shareholder. Murdoch is also understood to have the support of key BSkyB directors who are set to discuss the situation ahead of publication of the company s annual results on Friday. Neither the directors nor Murdoch were prepared to comment. To see more of the Financial Mail on Sunday, or to subscribe to the newspaper, go to http://www.thisismoney.co.uk/. Copyright (c) 2011, Financial Mail on Sunday, London Distributed by McClatchy-Tribune Information Services. For more information about the content services offered by McClatchy-Tribune Information Services (MCT), visit www.mctinfoservices.com. [ Back To TMCnet.com's Homepage ]