Sky deal: James Murdoch faces shareholders at annual meeting

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Fox, which now owns 39.1% of Sky, is trying to buy full control of the business in a deal that would value it at £18.5bn.

On pay, Sky also suffered a bloody nose as 63.7% of independent investors voted against the company's remuneration report.

In a stock exchange announcement detailing the AGM vote, Sky said: "The board is pleased that the majority of resolutions have been passed with a high level of support from shareholders".

This week the Competition and Markets Authority (CMA) outlined how it will examine the deal and the impact on media plurality and broadcasting standards in the United Kingdom and invited submissions for the six-month investigation.

Martin Gilbert, the deputy chair, said the board had looked at the Fox takeover in the best interests of shareholders and had impartial discussions that did not include Murdoch or other Sky directors with connections to Fox.

One shareholder, who did not give his name, said to Murdoch: "I have the same problem with my dad".

"We've had a strong start to our new financial year with good revenue growth and excellent profit growth", said chief executive Jeremy Darroch.

In response to the question about the Fox News scandal, Darroch said the "whole board are incredibly supportive and behind Sky" and that it wanted to make a "broader contribution" to society.

In September, UK Culture Secretary Karen Bradley referred Fox's £11.7B takeover bid for Sky to the CMA for review on the grounds of media plurality and commitment to broadcasting standards.

Mr Darroch said it was a strong start to the new financial year: "Against the backdrop of pressure on consumer spending and lower spend on United Kingdom television advertising, we were particularly pleased with our own EBITDA growth of 15% in our established business".

Sky shares - 7% down in the year to date - were 0.5% up in early trading following the release of the results statement.

Like-for-like revenues were up five per cent to £3.3bn in the three months to 30 September, from £3.1bn this time past year.

The company said fantasy drama Game of Thrones had become "the most watched series ever on Sky", while its home-grown drama Riviera achieved 20 million downloads in the period.

He pointed out that in addition to Sky's existing markets - the UK, Ireland, Germany, Austria and Italy - the company had just launched consumer streaming services in Spain and Switzerland.

"21st Century Fox (21CF) welcomes the publication by the Competition and Markets Authority (CMA) of the Issues Statement".

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