Media regulator Ofcom has decided Sky is a "fit and proper" company to hold a broadcasting licence.
Ofcom was investigating the satellite broadcaster in the wake of the phone hacking scandal that engulfed Rupert Murdoch's News Corp media empire.
News Corp owns 39% of BSkyB, and James Murdoch, Rupert's son, was chairman until he stepped down in April.
Sky welcomed the decision, saying "our track record of compliance in broadcasting is good".
In a statement, Ofcom said: "In July 2011, in light of the public debate about phone hacking and other allegations, Ofcom confirmed that it had a duty to consider whether Sky was fit and proper to continue to hold its broadcast licences.
"Ofcom considers that, on the evidence currently available and having taken into account all the relevant factors, Sky is fit and proper to hold its broadcast licences."
Ofcom said, however, that "should further evidence become available" it would look at the issue further.
Sky said: "Ofcom is right to conclude that Sky is a fit and proper broadcaster. As a company, we are committed to high standards of governance and we take our regulatory obligations extremely seriously."
Last May, the Commons media committee concluded that Rupert Murdoch was "not a fit person" to run a major international business. However, four of the 10 committee members disagreed, as the MPs split on party lines.
Under the Broadcasting Act 1990, Ofcom has to ensure holders of broadcasting licences are "fit and proper".
20 Sep, 2012
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Source: http://www.bbc.co.uk/news/business-19658811#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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