News Corp has announced the creation of a new position to oversee their Internet acquisitions. Paid Content says:
News Corp has appointed a 33-year old as the head of its Internet M&A strategy: it has appointed Jeremy Philips as exec VP responsible for executing Rupert Murdoch’s plan to increase the online presence of the media giant.
This position gives him formal responsibility for identifying takeover targets and negotiating acquisitions. FIM head Ross Levinsohn, who till now was actively involved in scoping out M&As, will now concentrate on running the online assets that the company has bought.