Murdoch forced to wait for the inevitable consolidation of Sky

CMA details scope of Fox-Sky investigation in issues statement

Mr Murdoch won 51% of votes cast by independent shareholders at the annual general meeting - up from 49% a year ago. That included support from largest shareholder Fox, which controls a voting stake of 37.19 percent in Sky.

(FOX), which has agreed to take full control of Sky, in a deal now being scrutinized by United Kingdom regulators.

While just under 71% of investors voting did so in favour of the report, some 29% voted against approving the report.

In a stock exchange announcement detailing the AGM vote, Sky said: "The board is pleased that the majority of resolutions have been passed with a high level of support from shareholders". In response White said that while the regulator has from some "extremely disturbing" behaviour at Fox News, for which 21st Century Fox is the parent company, it did not believe that Sky was deserving of losing its broadcasting licence following the proposed takeover. He also refused to comment on whether Fox was getting a "sweetheart deal" on the price it will pay for Sky.

In response, Martin Gilbert, Sky's deputy chairman, pointed out that Sky's board had formed an independent committee to evaluate the terms of 21st Century Fox's takeover, which he said had met 11 times since the takeover approach was tabled in December previous year.

Sky, which is now the subject of a full takeover bid by Rupert Murdoch's 21st Century Fox, said it made a strong start to its new year, with an improvement in revenue and new customer numbers.

Its bid, which is strongly opposed by some lawmakers and is subject to lengthy regulatory scrutiny, hangs over the European pay-TV group, which reported quarterly results earlier on Thursday.

"Are you confident that the CMA won't unearth new Fox scandals which derail the bid?", Alaphia Zoyab from activist group Avaaz asked.

Like-for-like revenues were up five per cent to £3.3bn in the three months to 30 September, from £3.1bn this time a year ago.

The company also saw a 11% increase in EBITDA to £582m and a 15% increase in established business EBITDA to £606m.

"We continue to see strong customer demand for our products and services, so net customer additions in the quarter are 50 percent higher than past year", Darroch told reporters.

European pay-TV giant Sky, facing a possible takeover by Rupert Murdoch´s 21st Century Fox, announced Thursday a surge in subscribers on keen demand for cult U.S. series Game of Thrones. The company launched new streaming services in Spain and Switzerland in the quarter.

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