€3.2m BSkyB stake for Murdoch

Satellite broadcaster BSkyB has awarded chief executive James Murdoch 450,000 shares in the company, worth over stg£2.1 million (€3.2 million), under the terms of an incentive plan.

Mr Murdoch, who is the son of main shareholder Rupert, will be able to sell the shares in August 2007 subject to certain criteria.

The company announced profits of £480 million last week but suffered a slowdown in signing up new subscribers to its digital service.