Disney has made its first acquisition in social networking buying Club Penguin, which operates an online virtual world for children, for a fee that could eventually rise to $700 million.The deal bolsters its presence in digital entertainment. Unlike social networking sites for older audiences, such as MySpace and Facebook, Club Penguin has a subscription-based business […]

Graeme Oxby has replaced Alan Gow as MD of Virgin Media. He will report to Neil Berkett, Virgin Media’s chief operating officer and will be responsible for driving Virgin Mobile’s consumer proposition and additionally its integration with Virgin Media.