It was at first thought that News Corporation might use FMR as the foundation of a new international entertainment company, but FMR struggled while Murdoch was in charge and after his departure its fortunes declined rapidly. In February 2009, Murdoch was appointed a non-executive director with the British pharmaceutical company GlaxoSmithKline. In January 2016, Murdoch became the chairman of Sky, Britain’s subscription broadcaster. After installing a new management team at Festival, Murdoch purchased the controlling 51% share of Mushroom Records in 1999, and the merged group was rebranded as Festival Mushroom Records (FMR).
Murdoch is a British citizen by birth and a naturalised US citizen. He was the chairman and CEO for Europe and Asia of News Corporation until 2013 when it was split into News Corp and 21st Century Fox In March 2016, JAB Holding Company and other investors acquired Keurig Green Mountain. He previously held a non-executive chair at British Sky Broadcasting, in which News Corporation had a controlling minority stake.
CEO of Sky plc, Europe and Asia, where he oversaw assets such as News International (British newspapers; publisher of The News of the World newspaper), Sky Italia (satellite television in Italy), Sky Deutschland, and STAR TV (satellite television in Asia). However, the report cautioned that a robust yuan can be unhealthy for exports and that outbound investment has recovered substantially, both limiting the room for further strengthening.
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