New York, NY – September 20, 2012 – News Corporation today issued the following statement in response to Ofcom's decision regarding BSkyB's broadcasting license:
"We are pleased that Ofcom recognizes BSkyB as a fit and proper holder of a broadcast license and remain proud of both News Corporation's and James Murdoch's distinguished record in facilitating the transformation of Sky into Britain's leading pay television and home communications provider.
"We are also pleased that Ofcom determined that the evidence related to phone hacking, concealment and corruption does not provide any basis to conclude that News Corporation and Rupert Murdoch acted in a way that was inappropriate, and that there is similarly no evidence that James Murdoch deliberately engaged in any wrongdoing.
"We disagree, however, with certain of the report's statements about James Murdoch's prior actions as an executive and Director, which are not at all substantiated by evidence. As Ofcom itself acknowledged, James deserves credit for his role as Chief Executive, then Chairman and now non-executive Director, in leading Sky to an outstanding record as a broadcaster, including its excellent compliance record. We look forward to Sky's continuing to execute on its mission to provide viewers with the best television experience imaginable, and are honored to play a role in the many contributions it makes to Britain, its people, and its economy."
About News Corporation
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of June 30, 2012 of approximately US$57 billion and total annual revenues of approximately US$34 billion. News Corporation is a diversified global media company with operations in six industry segments: cable network programming; filmed entertainment; television; direct broadcast satellite television; publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America.
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