- Mark Booth, the chief executive of BSkyB, has quit less than three weeks after the company failed in its bid to acquire English premier league football club, Manchester United.
Booth was widely seen as the force behind BSkyB's bid for United, which was finally blocked after months of investigation by the competition authorities.
Booth is to remain within Rupert Murdoch's News Corporation empire -- which owns 40 per cent of Sky -- heading up a Murdoch-funded venture capital company, e-partners. The company will invest in new-media opportunities including the internet, interactive television and wireless communication. News Corporation is giving the new company an equity capital base of $300 million (£185 million).
Booth's successor at BSkyB will be chosen from outside the company by a committee which includes Rupert Murdoch and Jerome Seydoux, the BSkyB chairman, among its members.
Seydoux said: "I regret Mark Booth's departure, but wish him well in his new exciting venture, which I am sure will be a great success. I would like to thank Mark for the brilliant job he has done at Sky, leading the most successful launch of digital television anywhere in the world."