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 
Portrait de Rupert Murdoch
Rupert Murdoch
Birthday : 03/11/1931
Place of birth : Melbourne - Australia
Country of residence : USA
Public asset : 71,554,045 USD
Linked companies : Twenty-First Century Fox Inc - New Newscorp Inc

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)

React to this article
Most Read News 
02/26 PHILIP HAMPTON : GlaxoSmithKline Confirms Hampton As Incoming Chairman
02/25 VISHAL SIKKA : Vishal Sikka
02/26 MICHAEL DIEKMANN : Allianz SE: Allianz continues to grow in revenues and profits
02/25DJTERRY MCGRAW : McGraw Hill's Terry McGraw to Give Up Chairman's Post
02/26 ROBERT NOEL : Researchers Submit Patent Application, "Automatic Switching from Primary to Secondary Audio during Emergency Broadcast", for Approval
02/26DJCARL ICAHN : Judge Dismisses Icahn's Malpractice Suit Against Wachtell -- Update
02/26DJLI KA-SHING : Will Consider Retirement When Conglomerate 'Moves to Next Stage'
02/26 ROSS MCEWAN : RBS shrinks investment bank, posts 3.5 billion pounds loss
02/25DJTERRY MCGRAW : McGraw Hill's Terry McGraw to Give Up Chairmanship
02/26 CARL-HENRIC SVANBERG : Annual General Meeting of AB Volvo
More news
Advertisement
Rupert Murdoch : Connections 
TrueX Media, Inc.
NDS Group Ltd.
Vice Media, Inc.
NewsCore LLC
News Florida LLC
Sky Italia SRL
STAR Group Ltd.
NC Shine US, Inc.
The District of Columbia Bar
Fuel Tv, Inc.
News Corp. Star US LLC
JPMorgan Chase Finance for New Zealand


Latest news about Rupert Murdoch 
1  2  3  4  5  6  7  8  9  10Next


Popular Business Leaders 
Sheldon Adelson Paul Allen Anil Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Warren Buffett Arpad Busson Stéphane Courbit Benjamin De Rothschild Larry Ellison Albert Frère Bill Gates Philip Green Carl Icahn Peter Lynch Maurice Lévy Lakshmi Mittal Rupert Murdoch Jean-charles Naouri Xavier Niel Larry Page Nelson Peltz François-henri Pinault Franck Riboud Carlos Slim Donald Trump Guy Wyser-pratte
A-Z Business Leaders
Dynamic quotes  
ON
| OFF