The FTSE 100. The Premier League. The 100 biggest companies trading on the UK stock exchange. If you’re on the list, its cigars, job security, and happy shareholders. As you head out of the 100, you’re down to the Coca-Cola League and eventually the Johnstone’s Paint Trophy. Bad times then for ITV, Carphone Warehouse, Enterprise Inns, and Ferrexpo - a Ukrainian iron ore miner – who, based on last night’s closing share prices will be heading out of the index today. ITV out means British Sky Broadcasting are the only broadcaster in the top 100, and Warephone Carhouse are off after only 1 year in the index. But for career prospects, you need to know who is likely to take their places: Search engine-like Autonomy – back after 7 years in the Sunday league; Inmarsat, a satellite communications group; and bus and rail operator Stagecoach – bolstered by people ditching the car for public transport. Welcome to the club, chum.

No, I’ve never heard of Vivendi either. They’re the French company that is now seemingly Europe’s biggest entertainment group. Among their portfolio, they own Universal Music, the world’s biggest record company, pay-TV station Canal+, growing games maker Activision Blizzard, and France’s second largest mobile phone company, SFR – significant as France is the only place left in the developed world where the mobile market is a growing one (Vodafone would love to get their hands on SFR). Universal has flummoxed the music industry by getting digital download sales to outstrip the decline in CD sales. Some feat.  They’re growing gauche, doit et centre, so if you’ve got bad breath and a short temper, get on the Eurostar and get in there!

Not happy that the only thing in my house he hasn’t had a hand in printing on is the toilet paper, Uncle Rupert Murdoch’s News Corp (The Times, The Sun, Sky…) plans to invest $100m over the next 12months to start six regional tv channels in India – one of the world’s fastest growing media markets. The channels will broadcast in six languages and run under the Star brand. That brand also has a presence in China, but Rup think India’s more open media sector could provide greater opportunities (less censorship for a start). The company, which also owns MySpace and Twentieth Century Fox, has also pledged to double the number of staff at Dow Jones Newswires, which Murdoch bought along with the Wall Street Journal last year.

You know how you keep having to show your mum or sugar daddy how to use the Sky+ or predictive text? That’s a career now. The official term for the young teaching the old new gadget tricks is “reverse mentoring.” The media giant Time Warner is employing “tech-savvy” students to give 90min coaching sessions to senior leaders – at $500 a pop! The execs get taken through the capabilities of the iPod and iPhone, as well as shown how to make the most of MySpace, LinkIn and FaceAche. How un-cool is that?!

Hoots Man! Scottish media company SMG has agreed a deal to sell Virgin Radio - for less than a quarter of the amount it bought the station for. SMG has sold Virgin to a group led by the Times of India (TIML) owner for £53.2m. In 2000, it paid £225m for Chris Evans’ Ginger Media Group, which included Virgin and a TV production company.  The sale means SMG is now free to concentrate on its TV channel STV, the ITV station in Central and Northern Scotland. Excited TIML boss AP Parigi said his company had a “proven track record of building powerhouse brands”. But the Indian buyers of Virgin may have to find a new name for the station. It will cost them an extra £8m if they decide to licence that brand name within the next two years.