UPDATE 1-Premiere proposes Murdoch execs for bigger board
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FRANKFURT, April 24 (Reuters) - German pay-TV broadcaster Premiere (PREGn.DE: Quote, Profile, Research) wants to double the size of its supervisory board to make room for two executives from Rupert Murdoch's media empire and one other member, it said on Thursday.
Murdoch's News Corp (NWSa.N: Quote, Profile, Research) recently raised its stake in Premiere to 22.7 percent but is not expected to make a full takeover bid for the company, whose top attraction is live German Bundesliga soccer.
Premiere said it would propose to shareholders the election of Sky Italia Chief Executive Thomas Mockridge, News International Chief Financial Officer Mark Andrew Williams and Markus Tellenbach, former CEO of SBS Broadcasting. New York-based News Corp owns the 20th Century Fox studios, the MySpace online social network and the London Times newspaper, as well as being the biggest shareholder in British pay-TV group BSkyB (BSY.L: Quote, Profile, Research).
Its financial power may help Premiere to secure rights to the next Bundesliga seasons. Premiere lost out in the last auction round but gained access through a sub-licensing deal with the winner, cable operator Unitymedia.
Premiere will put the plans for its supervisory board to its annual general meeting on June 12. Based on previous AGM attendance, News Corp.'s increased stake should ensure the votes are carried. (Reporting by Georgina Prodhan, editing by Will Waterman)
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