LONDON: James Murdoch has denied reports in a UK Sunday newspaper that he is to quit as ceo of British satellite broadcaster BSkyB to begin his induction as heir apparent to the dynastic News Corporation media empire [WARC News: 24-Jan-07].

Murdoch minor was speaking following a drop in first-half pretax profits at Sky - down 8.7% to £356 million ($698m; €539m). He commented on rumors of his June-time departure: "I have said publicly and I will do so again, I have no plans to go anywhere right now."

He was less forthcoming on Sky's controversial acquisition of a 17.9% spoiling stake in the UK's biggest commercial broadcaster ITV [WARC News: 20-Nov-06], saying only: "We were pleased to be able to acquire those shares at the end of last year."

The deal is now under scrutiny by British competition regulators.

Data sourced from Sydney Morning Herald; additional content by WARC staff