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A British parliamentary report into the phone hacking scandal may lead to News Corp. (NWSA...

A British parliamentary report into the phone hacking scandal may lead to News Corp. (NWSA -0.9%) being forced into cutting or selling its stake in highly profitable BSkyB (BSYBY.PK), having already dropped its bid to buy it outright last year. The report is widely expected to criticize Robert Murdoch's firm, raising the possibility that British broadcast watchdog Ofcom will take action.
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