BSkyB should cut ITV stake below 7.5 pct: regulator
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Britain's Competition Commission has recommended that pay-TV firm BSkyB reduce its 17.9 percent stake in broadcaster ITV to below 7.5 percent because it is anti-competitive.
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Shares in UK pay-TV company BSkyB (BSY.L: Quote, Profile, Research) rose on hopes of a buyout on Wednesday after media mogul Rupert Murdoch spoke of buying out minorities in his News Corp.
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ITV is planning to slash its regional news budget by half, or up to Â£40m, and cut the number of local bulletins from 17 to nine. By Jemima Kiss.
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Shares in Centrica have fallen by 7 per cent after the energy company revealed that its British Gas business was to limit rises in bills after losing 900,000 this year.
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BSkyB offers to give up some voting rights in ITV as it tries to hold onto a stake in the television broadcaster.
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The British Broadcasting Corp. will cut about 2,900 jobs - more than a tenth of its work force - in a drive to reduce costs, the company&#39;s director-general told staff on Tuesday.
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NEVER surprise the market with a profit downgrading or the shares of your company will be severely caned. A slumping advertising share saw a surly Kerry Stokes yesterday issue a major earnings downgrade for the Seven Network.
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ITV, the nation's biggest commercial television network, announced Wednesday that net profit declined last year and it forecast further falls in crucial advertising revenues.
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Media & professional: DTI refers BSkyB's acquisition of 17.9% stake in ITV to Competition Commission.
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BSkyB warns that its operating profit could be hit by up to Â£20m if it fails to reach a broadcasting deal with Virgin Media.
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Britain's media regulator Thursday found Channel 4 television network guilty of showing ...
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ITV, Britain's biggest commercial television network, announced Wednesday that net profit declined last year and it forecast further falls in crucial advertising revenues.
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HBOS&#39;s decision not to bid for rival Abbey Nationalleaves just smaller targets for large British banks to buy in the UK, bankers and analysts say.
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Broadcaster ITV has rejected a 4.74-billion-pound merger proposal from US cable operator NTL, arguing that it &quot;materially undervalues&quot; the company.
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EMI Group Plc  is expected to  reject a potential 2.5 billion pound ($4.92 billion) bid from  private equity firm Permira as being too low, the Times  newspaper said on Monday.
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EMI Group Plc is expected to reject a  potential 2.5 billion pound ($4.92 billion) bid from private  equity firm Permira as being too low, the Times newspaper said  on Monday.
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Business & money: BSkyB will urge business secretary not to implement Competition Commission recommendation that it sell shares