Saban links to DirecTV board

Exec fills vacancy left by the resignation of Thornton

Haim Saban has been elected to the board of directors of Rupert Murdoch’s DirecTV, satcaster announced in a filing Tuesday with the Securities and Exchange Commission.

Appointment, which is effective immediately, comes nearly one year after Murdoch acquired DirecTV. Saban, who is chairman-CEO of Saban Capital Group, fills the vacancy left by the July resignation of John Thornton.

The previous relationship between the two moguls was immensely lucrative. Saban and News Corp. were partners for five years in cable network Fox Family, which they sold to Walt Disney in 2001 in a deal worth more than $5 billion.

Saban said DirecTV is a “great success story” that has changed the way people watch TV.

He also has a newfound relationship of sorts with DirecTV rival EchoStar. In a first for a major commercial broadcaster in Germany, Saban’s ProSiebenSat 1 Media is launching a German-language satellite channel in the U.S. that will be carried on EchoStar’s Dish Network.

In addition to heading up Saban Capital, Saban is chair of the ProSiebenSat 1 Media’s supervisory board. He also sits on the board of directors of France 1.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading