James Murdoch to head Sky Deutschland's supervisory board
Jörn Krieger | 21-06-2013
James Murdoch is to become the head of the supervisory board of German pay-TV broadcaster Sky Deutschland by the end of the year.
According to reports from German Manager Magazin, with reference to corporate sources, the 40-year-old will replace Chase Carey who's been heading the board since mid-2010. Carey is chief operating officer and deputy chairman of News Corporation in New York.
The son of media entrepreneur and Sky majority shareholder Rupert Murdoch, James was only elected to the Munich-based company's supervisory board on 18 April 2013.
Last year, Sky Deutschland recorded a turnover of €1.3 billion, an increase of 17% compared with 2011. The loss amounted to €195 million (2011: €278 million).