In addition, News Corp. owns almost 40 percent of satellite broadcasters DIRECTV and British Sky Broadcasting.
's multibillion-dollar bid to take over British Sky Broadcasting collapsed as the scandal spread.
's multibillion-dollar bid to take full control of British Sky Broadcasting Group PLC.
's other big European presence is through British Sky Broadcasting Britain's biggest satellite channel which has 8.7 million subscribers.
's decision to withdraw a multi-billion-dollar bid to take over British Sky Broadcasting.
James Murdoch is giving up his last high-profile position in the UK, his chairmanship of British Sky Broadcasting.
The directors of British Sky Broadcasting rebuffed a takeover offer from News Corp.
In a few weeks, James Murdoch faces another important vote, on whether he should remain as chairman of British Sky Broadcasting.
British Sky Broadcasting is 39% owned by the elder Murdoch's News Corp. (nyse: NWS - news - people ).
It has also forced the company to abandon its bid to take full control of pay-TV company British Sky Broadcasting Group PLC.
's bid for full ownership of British Sky Broadcasting Group PLC.
WSJ: Rupert Murdoch Has Change of Heart on Publishing Business
But he also has another job, as chairman of British Sky Broadcasting, the TV giant in which News Corp has a 39% stake.
The scandal last year prompted News Corp. to retreat from its bid to acquire 100% control of British Sky Broadcasting Group PLC.
James Murdoch left his position as chief executive of British Sky Broadcasting Group PLC in December 2007 to become head of News Corp.
WSJ: Two Former News of the World Executives Dispute James Murdoch Testimony
The board of British Sky Broadcasting is expected to decide by the end of this week whether James Murdoch should stand down as its chairman.
News Corporation, British Sky Broadcasting (BSkyB), prior Roku venture investors Menlo Ventures and Globespan Capital Partners as well as an unnamed strategic investor joined the round.
News Corp. will have to sweeten its bid for British Sky Broadcasting if the company is going to be the latest jewel in Rupert Murdoch's empire.
There is also a review being conducted by Ofcom, the media regulator, of whether British Sky Broadcasting is fit and proper to continue holding a broadcasting licence.
That poses a dilemma for British Sky Broadcasting's independent directors.
Inmarsat of London is the big daddy of mobile satellite communications services, and there are few more successful satellite TV companies in the world than British Sky Broadcasting.
's other big European presence is through British Sky Broadcasting (nyse: BSY - news - people ) Britain's biggest satellite channel which has 8.7 million subscribers.
James Murdoch's hopes of keeping News Corporation's planned takeover of 100% of British Sky Broadcasting away from the scrutiny of the media regulator, Ofcom, look set to be dashed.
Shares in British Sky Broadcasting , led by James Murdoch, surged on Wednesday after the company showed customer growth had been stronger than analysts had predicted for the third quarter.
The larger one would hold the television and entertainment assets, such as 20th Century Fox, the Fox broadcast network, Fox News, Sky Italia and a 39% stake in British Sky Broadcasting.
Even so, scrapping NotW is a sure sign the Murdochs are fearful the continuing stream of hacking revelations is on the verge of derailing their takeover of British Sky Broadcasting Group.
FORBES: News Corp. Shuts News of the World Amid Hacking Furor
's attempts to buy the 60.9% of broadcaster British Sky Broadcasting Group PLC that it doesn't own, promising to hold a Parliamentary vote to delay the deal until investigations into the News of the World are finished.
It effectively spells a renegotiation of Disney's decade-old distribution deal with British Sky Broadcasting (nyse: BSY - news - people ), Britain's leading satellite provider, which is majority owned by Rupert Murdoch's News Corp.
Additionally, if British media regulators feel Murdoch is not a "fit and proper person" to hold a British broadcasting license, he could theoretically be stripped of control of British Sky Broadcasting, a lucrative part of his worldwide operations.
CNN: Gordon Brown lashes out at Rupert Murdoch, son and tabloid
What is quite striking is that the television, broadband and telephony offered by British Sky Broadcasting appears to be in the must-have category - or maybe BSkyB's services are a relatively cheap alternative to other forms of leisure.
In an attempt to level the financial playing field for broadcasters, British regulators want British Sky Broadcasting to offer its main sports channels, Sky Sports 1 and 2, to other cable, Internet and terrestrial channels at cheaper wholesale prices.
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