Another influential investor advocate – ISS, whose 1,700 clients include pension funds, trade union funds and asset managers – has joined the call for Murdochs to be rejected in the upcoming AGM. ISS wants no less than 13 of the 15 directors to be rejected. It said the phone hacking scandal had “laid bare a […]
Hartmut Ostrowski, the chief executive of Bertelsmann, owner of RTL, is to stand down as chairman and chief executive. Ostrowski, who first joined the German company in 1982, will be replaced by long-serving chief financial officer Thomas Rabe on 1 January. The company, which also owns magazine publisher Gruner + Jahr and music joint venture […]
Glass Lewis – a US advisor that works with investors of $15 trillion – says neither James or Lachlan Murdoch should be re-elected to the board of News Corp at the AGM next week. A report from Glass Lewis advises investors to “carefully consider the nature of the relationship each director has with the company […]
The creators of song-sharing service Napster have reunited for a video start-up. Sean Parker, the founding president of Facebook, told the FT he will be executive chairman of start-up Airtime. Shawn Fanning, who wrote the software behind the music site, will be chief executive. The pair only hinted at Airtime’s product or strategy – but […]
Steve Jobs of Apple has succumbed to the cancer that has dogged him for the past decade, he was 56 years-old. President Obama said he was a great American innovator while life-long rival Bill Gates said his impact would be felt for generations to come. Ironically, as a former hippie, he ultimately lead what in […]
Rather than disrupt television, digital technology has transformed it, according to Anne Sweeney, Co-Chair, Disney Media Networks and President, Disney-ABC Television Group. Delivering the MIPCOM Personality of the Year Keynote Address, Sweeney said that Disney would continue to be a content creator and technology innovator, and recognised that the broadcast industry was now doing things […]
Telestream, the provider of video transcoding and workflow solutions, has announced new sales management roles for senior executives to help drive long-term business expansion in established and growth markets. Steve Ellis was named Vice President of Emerging Markets and Kevin McCartney was named Vice President of Sales for Telestream’s enterprise products. These changes will allow […]
On Demand Group (ODG), a SeaChange company, today announced the appointment of Stephen Riome as Managing Director. In his new role, Riome will take on the responsibility for day-to-day operations and profitability of all aspects of ODG’s existing global business. Along with ODG’s fully managed transactional service business, Riome will also be responsible for […]
Investors in News Corporation have been urged to vote against the re-election of his James Murdoch as a company director by an influential advisory group. Pirc, the pensions industry organisation which advises shareholders on corporate governance issues, said: “In light of his close association with the phone-hacking scandal we are advising shareholders to oppose James […]
Senior opposition Labour Party politicians have renewed their attacks on Rupert Murdoch and son James over News Corporation’s involvement in the phone hacking scandal and the bid to take control of BSkyB. In particular, the Murdochs’ ongoing part-ownership of BSkyB faced savage criticism from Labour MPs Chris Bryant and Tom Watson. In separate speeches to […]