The Sums That Show James Can Still Afford to Smile ; Commentary

Summary


THE headlines appear bad for BSkyB chief executive James Murdoch. He emphasised last November that he, not his father Rupert, made the call to spend Pounds 940 million on 17.9% of ITV.

But look behind them, and James is clearly no fool. The worst that can happen is that he is forced to sell the entire stake. In the meantime, the tectonic plates of broadcasting have shifted once again in Sky's favour.

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The Sums That Show James Can Still Afford to Smile ; Commentary

Check the sums. Tying up Pounds 940 million of c...

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