The Telegraph thinks that the new owners of Johnston Press have found a new chairman. They point to Parm Sandhu, a Cambridge maths graduate who's run several European media operations, and is now a serial non-exec and turnround specialiast.
Parm says he "loves taking a contrarian view, where I believe that the market has either overreacted to, or even written off a business because it's going through a difficult period".
Parm's one big regret ? As CEO of German cable firm Unity Media, he bowed to pressure from backers to sell the business to Liberty Media for £3.5bn back in 2009. In 2018, Vodafone acquired Unity Media for £18bn.
No comments:
Post a Comment