Ofcom: BSkyB is 'fit and proper' to hold a broadcast licence

Ofcom has confirmed BSkyB is a fit and proper holder of its broadcast licences after a review of the firm prompted by the public debate after the News of the World phone hacking allegations.

News Corporation, which is the parent company of the former paper's publisher, owns a 39.1% stake in BSkyB.

The company has welcomed the announcement, stating: "We are committed to high standards of governance and we take our regulatory obligations extremely seriously. As Ofcom acknowledges, our track record of compliance in broadcasting is good."