graphic
News > International
Murdoch Nets TV rival?
July 14, 1999: 4:16 a.m. ET

U.K. digital TV chief resigns; may head News Corp. Web joint venture
graphic
graphic graphic
graphic
LONDON (CNNfn) - Media giant News Corporation scored a surprise coup by luring the head of British digital TV rival On Digital to head one of its new Internet operations, according to a report published Wednesday.
     On Digital's chief executive, Stephen Grabiner, shocked investors by leaving Tuesday. On Digital is jointly-owned by Britain's Granada and Carlton Communications
     Grabiner is expected to head eVentures, the Web-based joint venture recently set up by Rupert Murdoch's News Corp. and Japan's Softbank, according to a report in the Financial Times.
     Grabiner's departure comes at a crucial time for the year-old U.K. digital market where On Digital and BSkyB - in which News Corp. has a 40 percent stake - have been fighting a bitter battle for market share.
     Both companies have enjoyed healthy subscription growth after announcing in May that they would provide free set-top decoder boxes which had previously retailed at around $300 each.
     BSkyB is on target to secure 1 million subscribers within three years while On Digital is ahead of its 500,000 target for the same period.
     On Digital moved quickly to fill the gap created by Grabiner's move - announced after London markets closed - by naming Stuart Prebble as his replacement. Prebble was formerly head of interactive media at Granada. Back to top

  RELATED STORIES

Murdoch teams with Softbank - July 1, 1999

U.K. faces digital TV war - May 5, 1999

BSkyB chief resigns - April 27, 1999

  RELATED SITES

On Digital

BSkyB


Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney




graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.