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Summary Box: BSkyB declares self 'fit and proper'

The Associated Press

THE RESPONSE: British Sky Broadcasting PLC defended itself Wednesday as a "fit and proper" company.

THE SPARK: A day earlier, Rupert Murdoch, the chief executive of the satellite broadcaster's biggest shareholder, was branded as unfit to hold the reins of an international company.

WHAT NEXT: BSkyB says it's engaging with Britain's media regulator over whether it is "fit and proper" to keep its broadcast licenses. The company points out that BSkyB and News Corp. are separate companies. News Corp. controls BSkyB with a 39 percent stake.