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Regulator escalates probe into BSkyB

Ofcom has escalated its investigation into whether BSkyB remains a "fit and proper" owner of a broadcasting licence.

The media regulator has asked Rupert Murdoch's company News Group Newspapers - publisher of The Sun and the now-defunct News of the World (NotW) - to provide it with a series of documents relating to the civil litigation that the media company is involved in.

  1. Richard Edgar

Ofcom investigating BSkyB

'Project Apple' is to investigate material emerging from the Leveson inquiry. Credit: REUTERS

Broadcasting regulator Ofcom has set up a dedicated team to investigate whether BSkyB is a "fit and proper" owner of a broadcasting license.

Ofcom told the Financial Times in a Freedom of Information disclosure that a dedicated team was investigating material emerging from the Leveson inquiry.

If Ofcom decides there has been rum goings-on it could force the resignation of James Murdoch, who is still chairman of BSkyB, and/or the halving of NewsCorp's stake in the company to below 20 per cent, destabilising the stock.

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