Live coverage of breaking news and lively debate on the big stories and issues of the day.

Type: News

Languages: English

Status: Running

Runtime: None minutes

Premier: 2017-01-01

Sky News - Sky plc - Netflix

Sky plc is a pan-European British media and telecommunications company headquartered in London. It has operations in the United Kingdom, Republic of Ireland, Germany, Austria, Italy and Spain. Sky is Europe's biggest and leading media company and largest pay-TV broadcaster, with 21 million subscribers and 30,000 employees as of 2015. Initially formed in 1990 by the equal merger of Sky Television and British Satellite Broadcasting, BSkyB became the UK's largest digital subscription television company. In 2014, after completing the acquisition of Sky Italia and Sky Deutschland, the merged company changed its name to Sky plc. Sky is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £18.75 billion (€26.76 billion) as of 2015. Rupert Murdoch's 21st Century Fox owns a 39.14% controlling stake in the company; on 9 December 2016, following a previous attempt under News Corporation that was affected by the News International phone hacking scandal, 21st Century Fox announced it had agreed to buy the remainder of Sky, pending government approval. As of July 2017, it has been subject to government review. The Walt Disney Company announced in December 2017 that it would acquire 21st Century Fox, including the Sky stake, while Comcast made a formal counter-offer to acquire Sky as a whole in April 2018, valued at £22 billion.

Sky News - Management - Netflix

The first CEO of BSkyB was Sam Chisholm, who was CEO of Sky TV before the merger. Chisholm served in this position until 1997. He was followed by Mark Booth who was credited with leading the company through the introduction of Sky. Tony Ball was appointed in 1999 and completed the company's analogue to digital conversion. He is also credited with returning the company to profit and bringing subscriber numbers to new heights. In 2003, Ball announced his resignation and James Murdoch, son of Rupert Murdoch was announced as his successor. This appointment caused allegations of nepotism from shareholders. On 7 December 2007, it was announced that Rupert Murdoch would be stepping down as BSkyB's non-executive chairman and would be replaced by his son, James. In turn, James stepped down as CEO of BSkyB, to be replaced by Jeremy Darroch. The current 13 company directors include James Murdoch (chairman), Nicholas Ferguson (chief executive), David Darroch (chief executive officer), Andrew Griffith (chief executive officer), Martin Gilbert (chief executive officer), Matthieu Pigasse (managing director), Tracy Clarke (bank executive), David Lewis (chief executive officer), Andrew Sukawaty (manager), Adine Axen (director), John Nallen (company director) and Charles Carey (chief executive officer and president).

Sky News - References - Netflix