Pay-TV group BSkyB is 'fit and proper' to hold a broadcast licence, Britain's media regulator has found, after an investigation sparked by the revelations of criminality at its largest shareholder News Corp . Ofcom said in a brief statement on Thursday that it had investigated the group after Rupert Murdoch's News Corp admitted some of its journalists had hacked into phones on an industrial basis at its now-defunct News of the World tabloid.
News Corporation is a diversified global media company. Shares of NWSA traded higher by 1.65% or $0.405/share to $24.88. In the past year, the shares have traded as low as $14.72 and as high as $24.98. On average, 17551500 shares of NWSA exchange hands on a given day and today's volume is recorded at 13732963.
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