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Media Lifeline: Charles Allen.

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| May 01, 2009 | COPYRIGHT 2009 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The media mogul has barely had time to catch his breath since stepping down as ITV's CEO two years ago.

June 2007: Charles Allen, who left the position of chief executive of ITV in August 2006, hadn't exactly been twiddling his thumbs - he had his long-standing directorships of Tesco and the London Olympic Committee to fall back on. But he steps back into the media limelight when it is revealed that he is the chairman of (and an investor in) Global Radio as it begins its inexorable rise by snapping up the Chrysalis radio stations.

September 2008: Allen now finds room for a return to TV, too, becoming a senior advisor to the private equity division of Goldman Sachs, to manage its significant stake in Endemol - and there's even talk of him using this as a vehicle to spearhead a break-up bid for ITV.

September 2008: And September proves a particularly busy month when, a couple of days later, Allen accepts yet another role - as a non-executive director of Virgin Media. Virgin had previously looked at a bid for ITV, so now the speculation really heats up and ITV's share price begins to rise, hitting the dizzy heights of 48p within hours of the announcement.

January 2009: But it's not all television, radio, the Olympics and ...

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