EmptyBSkyB reshuffles senior staff
LONDON — News Corp.-controlled satellite TV giant British Sky Broadcasting unveiled a reshuffle of senior managers Monday after long-serving chief marketing officer Jon Florsheim announced his departure to pursue other interests. CEO James Murdoch promoted group commercial and strategy director Mike Darcey to chief operating officer, while Florsheim's brand-marketing portfolio will be taken over by communications director Matthew Anderson. Sky director of product strategy and management Brian Sullivan has been promoted to managing director of Sky's customer group.
Carmike up on upgrade
Jefferies & Co. on Monday upgraded shares of movie theater chain Carmike Cinemas from "hold" to "buy," citing valuation. The brokerage maintained its price target of $22.50 on the stock, which closed up 2.2% at $19.24. Carmike shares have traded from $16.74-$27.42 during the past year.
Charge hurts Discovery Q3
Discovery Holding Co., part owner of cable networks operator Discovery Communications, swung to a third-quarter loss because of a goodwill charge. The company lost $76.6 million, including a $93.4 million charge for impairment of goodwill at its media management services group, compared with a year-ago profit of $1.2 million. Revenue rose 1% to $169.9 million.
Liberty Global ups Telenet stake
John Malone's international cable TV group Liberty Global said Monday that it has exercised a right to boost its stake in Telenet Group Holding N.V., Belgium's largest cable operator. The company raised its holding from 21.4% to slightly more than 28% through its control of Belgian Cable Investors GP. That entity exercised an option to buy 6.75 million shares for €135 million ($173.4 million).