News Corp and BSkyB shares rise on talk Rupert Murdoch may sell stake in satellite broadcasting company In London, BSkyB shares rose 13 to close at 691p, buoyed by expectations of a sale and ahead of its third-quarter results on Wednesday. In New York, News Corp shares went up 32 to $19.93 in morning trading. Chris Hutchings, a partner specialising in media law at Hamlins, said it was likely that News Corp would now be forced to get rid of "any share in BSkyB" if it, or Mr Murdoch, fell foul of the "fit and proper" test. "The most likely impact would be that News Corp would have to sell its stake entirely," he said. The move would be a serious blow to Mr Murdoch, who has for a long time planned to gain full control of the broadcaster, a business that made more than £1bn profits in its last financial year. Last summer, Mr Murdoch was on the brink of merging BSkyB with the rest of his empire, through News Corp's bid to buy the 61pc stake of the satellite broadcaster it did not already own. He eventually pulled the bid under political pressure but has made no secret of his intention to renew it at some point. Meanwhile, across the Atlantic, shareholder groups and corporate governance experts said the ferocity of the Select Committee report would turn up the heat on News Corp's US interests. Julie Tanner, a director at Christian Brothers Investment Services, said the report highlighted the "far-reaching impact of News Corp's corporate governance failures," and renewed its calls for Rupert Murdoch to be replaced with an independent chairman. News Corp insisted on Tuesday night that it had already instituted "sweeping changes" to improve corporate governance. BSkyB declined to comment.