A phone hacking scandal had compelled Ofcom, an independent regulator and competition authority in the UK, to carry out an investigation into the broadcaster BSkyB, a report has uncovered recently. Following the same, it has announced the company as fit and proper for a broadcasting license.

The report finds that the investigation was a part of the Broadcasting Act 1990, under which Ofcom needs to ensure that broadcasting license-holders are in actual ‘fit and proper’.

It has been found that the scandal had engulfed Media Empire of Rupert Murdoch. The empire is the owner of some 39% of BSkyB. However, the investigating team has freed the company of charges related to the disgrace. James Murdoch has for sure been smacked by it.

James is Rupert's son. While News Corp does not agree with the claims, Ofcom is saying that his actions fell short of the expectations. Besides, the group has promised a further review in case any more evidence becomes available to it, as per the findings.

BSkyB was delighted and said, "Ofcom is right to conclude that Sky is a fit and proper broadcaster. We are committed to high standards of governance and we take our regulatory obligations extremely seriously".