Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Birthday : 03/11/1931
Place of birth : Melbourne - Australia
Biography : Mr. Keith R. Murdoch is Executive Co-Chairman at News Corp., Executive Chairman at News Corp. Austra

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
Latest news about Rupert Murdoch 
09/29DJRUPERT MURDOCH : Fox Says Value of Rupert Murdoch's Pay Fell in Final Year as CEO
09/29DJRUPERT MURDOCH : Fox Says Value of Rupert Murdoch's Pay Fell in Final Year as CEO
09/01DJRUPERT MURDOCH : Rupert Murdoch's Pay Falls at News Corp
08/28 RUPERT MURDOCH : Prosecutor seeks to summon Murdoch in Deutsche Bank trial
08/05DJRUPERT MURDOCH : Fox Reports Better-Than-Expected Earnings
07/17DJRUPERT MURDOCH : Fox Details Pay for James, Lachlan Murdoch
06/25 RUPERT MURDOCH : James Murdoch says family is united as he takes helm of Fox
06/17DJRUPERT MURDOCH : Murdoch Succession Plan Means New Bosses for Ailes
06/16 RUPERT MURDOCH : Chase Carey to stay at Fox to advise newly promoted Murdoch sons
06/16DJRUPERT MURDOCH : Rupert Murdoch to End Fox CEO Duties July 1--2nd Update
06/16DJRUPERT MURDOCH : Rupert Murdoch to End Fox CEO Duties July 1
06/11 RUPERT MURDOCH : Rupert Murdoch to hand Fox CEO title to son James
06/11DJRUPERT MURDOCH : Rupert Murdoch Positions Sons to Lead Fox
05/05 RUPERT MURDOCH : Sky? Skype? EU court backs Murdoch over Microsoft in name battle
04/26 RUPERT MURDOCH : Rupert Murdoch says Scottish self rule inevitable 'in next few years'
1  2  3  4  5  6  7  8  9  10Next

Most Read News 
10/05 NELSON PELTZ : Nelson Peltz's Trian takes $2.5 billion stake in General Electric
10/05 EDWARD BREEN : DuPont CEO Kullman steps down, veteran exec Breen named interim CEO
10/07DJMICHAEL DELL : Dell Is in Merger Talks With EMC
10/05DJELLEN KULLMAN : DuPont CEO Ellen Kullman to Exit
10/02 ELON MUSK : Tesla’s Musk says sedan sales strong tied to SUV launch event
10/06 MIKHAIL FRIDMAN : Russian billionaire Fridman nears deal for E.ON's North Sea assets
10/05 NELSON PELTZ : Arkansas teachers top off a sweet day for Peltz' Trian hedge fund
More news

Popular Business Leaders 
William Ackman Jean-michel Aulas Vincent Bolloré Martin Bouygues Warren Buffett Jean-claude Decaux Michael Dell David Einhorn Albert Frère Bill Gates Guy Hands Carl Icahn Steve Jobs Li Ka-shing Arnaud Lagardère Maurice Lévy Lakshmi Mittal Rupert Murdoch Larry Page John Paulson Nelson Peltz François-henri Pinault Ferdinand Piëch Wilbur Ross Howard Schultz Carlos Slim George Soros Ratan Tata Donald Trump Alain Weill
A-Z Business Leaders