Summary Box: UK regulator monitoring BSkyB license

KEEPING WATCH: Britain’s communications regulator says it’s continuing to monitor allegations of phone hacking and bribery at Rupert Murdoch’s London newspapers to be sure that British Sky Broadcasting is a fit and proper holder of a broadcasting license.

MURDOCH’S ROLE: Murdoch’s News Corp. is the largest shareholder in BSkyB with a 39 percent stake, and his son James Murdoch is BSkyB’s chairman.

WHAT COULD HAPPEN: The issues potentially affect James Murdoch’s position as BSkyB chairman, and the regulator could force News Corp. to reduce its stake in BSkyB.