Virgin Media's two largest shareholders are expected to question the company's investment and programming plans at a board meeting to be held today in New York City.

The Financial Times reports that Sir Richard Branson's Virgin Group, which holds an 11% stake in Virgin Media, is expected to question the cable operator's strategic direction - particularly with respect to its plans for investment and programming - at the meeting.

Franklin Mutual Advisers, Virgin Media's second largest shareholder with a 9% stake, filed a brief with the Securities and Exchange Commission that said it wanted to discuss matters of "strategic direction, corporate governance and management" with the company, citing its poor first quarter results.