Reuters – Pay TV group BSkyB has received the backing of Crispin Odey, one of its top shareholders and one of Europe’s most influential hedge fund managers, in the wake of last week’s high-profile resignation of James Murdoch as chairman.
Mr. Odey, whose London-based firm manages $6 billion in assets and who has been a long-term holder of BSkyB shares, said he is still positive on BSkyB, despite the loss of the “massively important” Mr. Murdoch. Mr. Murdoch, who until last year was seen as heir apparent to his father Rupert’s media empire, resigned last Tuesday [April 3] to prevent his links to a tabloid phone-hacking scandal from undermining the firm.
