Murdoch suffers BSkyB revolt, but hangs on

LONDON (Reuters) - James Murdoch was dealt a heavy blow on Tuesday with over 40 percent of independent shareholders failing to back his re-election as chairman of pay-TV group BSkyB, venting their anger at his handling of a phone hacking scandal. Several shareholders told Reuters ahead of the key annual meeting that they would vote against the 38-year-old because they also wanted a truly independent chairman rather than an executive of Rupert Murdoch's News Corp, which owns 39 percent of BSkyB. ...