Member access

4-Traders Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Rupert Murdoch
Country of residence : USA
Birthday : 03/11/1931
Linked companies : MTV - Twenty-First Century Fox Inc - JPMorgan Chase & Co.

Sky Deutschland names James Murdoch to board

03/08/2013 | 10:22am US/Eastern

Sky Deutschland wants to appoint News Corp's James Murdoch to its supervisory board, as the media conglomerate tightens its grip on the German pay-TV broadcaster.

In the invitation to its shareholders meeting on April 18, Sky Deutschland said it would nominate James Murdoch, who is News Corp's Deputy Chief Operating Of?cer and son of media magnate Rupert Murdoch.

News Corp began building a stake in Sky Deutschland, formerly known as Premiere, in 2008. Following Sky Deutschland's capital hike earlier this year, News Corp holds 54.8 percent.

News Corp has participated in several rights issues of the broadcaster and Sky Deutschland's current chief executive Brian Sullivan took the helm in 2010 after around 14 years at Britain's biggest pay-TV company BSkyB.

A person familiar with the company said on Friday Sky Deutschland expects to benefit from Murdoch's knowledge of international markets and new technologies.

"He will play an active role in the company but has no ambition to become chairman of the board," the person added.

James Murdoch in November was re-elected to the board of BSkyB.

He was forced to quit as BSkyB's chairman in April last year over his role in the phone hacking scandal at News Corp.

James Murdoch, who also managed the now-defunct News of the World, the newspaper at the centre of the scandal, was criticised by parliament and regulators in Britain for failing to get to the bottom of wrongdoing by journalists.

In June, News Corp announced it would separate its publishing and entertainment assets in a process likely to occur by early summer.

Sky Deutschland expects to be profitable this year on a operating (EBITDA) level as it hopes to attract new subscribers after it secured the exclusive Bundesliga football rights last year.

Last year it posted an EBITDA loss of 51 million euros ($67 million), about a third of the 155.5 million it lost in the previous year.

Sky Deutschland shares were down 1.7 percent at 1445 GMT, underperforming a 0.6 percent stronger media index. ($1 = 0.7644 euros)

(Reporting by Joern Poltz and Harro ten Wolde; Editing by Ludwig Burger and David Cowell)

Latest news about Rupert Murdoch 
CEO Bewkes needs to show Time Warner better alone than with Murdoch
10/10 - NEW YORK (Reuters) - Ten years ago, Walt Disney Co, having fended off a hostile bid from Comcast, had to make a case why it was better off as an independent company.
Elisbaeth Murdoch to step down as Shine Group chairman - FT
09/30 - (Reuters) - Elisabeth Murdoch, the daughter of media mogul Rupert Murdoch, will step down as the chairman of Shine Group when it merges with Endemol and Core Media Group Inc[CKXETM.UL], the Financial Times reported, citing people familiar wit...
First non-Murdoch paper to admit intrusive practice: Alan Yentob, Sven-Goran Eriksson among claimants
09/25 - The publisher of the Daily Mirror and Sunday Mirror is to pay compensation to 10 victims of phone hacking, including former England manager Sven-Goran Eriksson and one-time Doctor Who actor Christopher Eccl
First non-Murdoch paper to admit intrusive practice Alan Yentob, Sven-Goran Eriksson among claimants
09/24 - The publisher of the Daily Mirror and Sunday Mirror is to pay compensation to 10 victims of phone hacking, including former England manager Sven-Goran Eriksson and one-time Doctor Who actor Christopher Eccl
Advertisement
Popular Business Leaders 
Paul Allen Mukesh Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Steve Case Benjamin De Rothschild Barry Diller John Fredriksen Bill Gates Philip Green Carl Icahn Steve Jobs Li Ka-shing Peter Lynch Maurice Lévy Lakshmi Mittal Rupert Murdoch Jean-charles Naouri Nelson Peltz Zong Qinghou Jim Rogers Johann Rupert Naguib Sawiris Carlos Slim George Soros Donald Trump
A-Z Business Leaders
Most Read News 
Buffett cuts Tesco stake to below 3 percent
10/16 - LONDON (Reuters) - Warren Buffett, the billionaire chairman and chief executive of conglomerate Berkshire Hathaway (&...
Philippine Airlines tycoon Tan to buy out minority investors in listed parent
7 days ago - MANILA (Reuters) - Philippine Airlines (PAL) owner Lucio Tan plans to buy out minority shareholders in parent PAL Holdings...
HTC unveils a suite of breakthrough imaging products
5 days ago -    •  HTC Desire EYE is fully equipped for those who love to take great photos, videos and s...
Hong Kong Protests as Much About Dollars as Democracy
4 days ago - By Kathy Chu HONG KONG--A key reason why protesters in Hong Kong are demanding free elections for the first time i...
Greg Orman Liberal Millionaire Guest List
5 days ago - TOPEKA, Kan., Oct. 17 -- Sen. Pat Roberts, R-Kan., the Republican nominee seeking re-election to the U.S. Senate, issued ...
More news
Dynamic quotes  
ON
| OFF