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Lutz Schüler is taking the reins at U.K. cabler Virgin Media, replacing media industry veteran Tom Mockridge who is stepping down.
New Zealander Mockridge is exiting to move base himself in Italy with his family. He has had a long career in pay TV and newspapers. In TV he worked at several Rupert Murdoch baked platforms and has run Australian pay-TV business Foxtel and Sky Italia. He became CEO of Virgin Media in 2013 after Liberty Global completed its acquisition of the business.
Media - Pay-TV - Business - Liberty - Global
Virgin Media is the largest pay-TV business in the Liberty Global fold after it sold off assets in Germany and Central and Eastern Europe. It also holds stakes in British broadcaster ITV and production and distribution business All3Media.
Mike Fries, CEO of Liberty Global and chairman of Virgin Media, said he had been succession planning with Mockridge and Schüler for some time. The CEO handover will take place in June.
Years - Germany - Lutz - Team - Value
“During his eight years in Germany, Lutz led a talented team and created significant value,” Fries said. “Since joining Virgin Media last...
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