Virgin Media: Fond farewell

Stephen Burch’s exit from Virgin Media, the UK cable group, may have a silver lining. It certainly provides a cloud. Losing a chief executive while in the midst of bid talks with private equity suitors is not usually a good sign. But the delay the credit crunch is putting on leveraged buyouts might hand Virgin a chance to turn the departure to its advantage. Burch was under the cosh long before the family crisis which has prompted him to go. Since he took charge at the start of last year, the gr...