Tom Mockridge, who worked closely with Rupert Murdoch in more than 20 years at News Corp, is to take over at Virgin Media, pitting the two men against each other in a battle for British pay-TV viewers.Mockridge will take his in-depth knowledge of the European media market into the camp of Murdoch's long-time American rival John Malone - who is in the process of acquiring Virgin - and follows the New Zealander's obvious displeasure at missing out on a top job at News Corp in New York late last year.Speaking of the move, however, he was anxious to play down industry chatter of boardroom betrayal and a thirst for revenge."I have 22 years of experience in News Corp, across multiple markets, but it's not like I'm taking a box of secrets out from News International that is going to be relevant here," Mockridge told Reuters. "Frankly I've got a lot to learn and absorb."
News Corporation is a diversified global media company. Shares of NWSA fell by 0.96% or $-0.31/share to $31.88. In the past year, the shares have traded as low as $13.55 and as high as $24.04. On average, 19309000 shares of NWSA exchange hands on a given day and today's volume is recorded at 10819079.
Virgin Media Inc. is engaged in entertainment and communications business. Shares of VMED traded higher by 0.65% or $0.335/share to $51.72. In the past year, the shares have traded as low as $21.25 and as high as $50.29. On average, 8509610 shares of VMED exchange hands on a given day and today's volume is recorded at 1077692.
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