Former News International boss to head Virgin Media

Former News International boss Tom Mockridge has been appointed Chief Executive of UK cable TV provider Virgin Media.

Former News International boss Tom Mockridge has been appointed Chief Executive of UK cable TV provider Virgin Media.

The move will put Mockridge in direct competition with BskyB - which is owned by Rupert Murdoch's News Corp., the parent company of News International.

Mockridge left the company that publishes UK newspapers The Sun and The Times after he failed to win the job as Chief Executive of New News Corp.

New News Corp. is a publishing group being created after News Corp.'s planned split into two companies.

"Life brings you some forks in the road and some opportunities," Mockridge told the Financial Times.

"I feel much more positive about being in this sector. It feels good to be in a marketplace that has a lot of growth potential."

Mockridge, who spent almost 22 years at News Corp., will return to pay TV after having run Sky Italia from 2003 to 2011. He was also Non-Executive Director of BSkyB from February 2009 and was its Deputy Chairman between April 2012 and January 2013.

He began his career at News Corp.'s Australian newspapers. After eight years at Sky Italia, he was brought in by Murdoch to stabilise News International after the company was rocked by a phone-hacking scandal.

When the New Zealander steps into his new role, he will report to Mark Fries, President and Chief Executive of Liberty Global which is acquiring Virgin Media for $23.3bn.

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Oil producers are back at their Covid-19 lows – is it time to buy?
Oil

Oil producers are back at their Covid-19 lows – is it time to buy?

With demand for oil hammered by Covid-19 and talk of “peak oil demand”, there are lots of good reasons to be bearish on oil producers. So, asks John S…
22 Sep 2020
Why you should stuff your end-of-pandemic portfolio with Chinese stocks
China stockmarkets

Why you should stuff your end-of-pandemic portfolio with Chinese stocks

For an end-of-pandemic portfolio, you need assets that can cope with today’s volatility. And that, says Merryn Somerset Webb, means Chinese stocks.
14 Sep 2020
IAG's share price is ready for take-off - here's how to play it
Trading

IAG's share price is ready for take-off - here's how to play it

The owner of British Airways has had a turbulent year, but is now worth a punt. Matthew Partridge explains the best way to play it.
8 Sep 2020