James Murdoch, youngest son of Rupert, seems set to become CEO of UK satellite broadcaster BSkyB. The company, Britains 18th largest, has 6.8 million subscribers, moved into profit last year for the first time for 5 years, and is 35.4 % owned by the News Corporation.
The contract of current CEO Tony Ball runs out next May, and it is said that there are few UK broadcasting executives able to step into his job. James Murdoch has some qualifications, having been chief executive of News Corps Asian satellite broadcaster for three years, and before that being responsible for the groups US internet activities.
The News Corp group meanwhile is expected to show a profit of 20% over the next two years.