Murdoch suffers BSkyB revolt, but hangs on

BSkyB independent shareholders dealt James Murdoch a heavy blow on Tuesday with over 40 percent failing to back his re-election as chairman, venting their anger at his handling of a phone hacking scandal. Several major shareholders told Reuters ahead of the key annual meeting that they would vote against the 38-year-old because they also want a truly independent chairman rather than an executive of Rupert Murdoch’s News Corp , which owns 39 percent of BSkyB.