BSkyB told to sell shares in ITV
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The government rules that BSkyB must reduce its share holding in ITV from 17.9% to below 7.5%.
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BRITISH Telecom today announced the sale of its stake in one of the worldâs largest satellite companies for Â£363 million. The telecoms giant said it was offloading its 15.8 per cent holding in Paris-based
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Absa Group Ltd., South Africa&#39;s fourth- biggest bank, said talks to sell a controlling stake to Barclays Plc, the UK&#39;s No.
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A ruling on BSkyB's controversial purchase of a stake in ITV is expected to be published on Thursday.
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Stronger-than-expected subscriber growth has driven increased first-quarter profits at BSkyB, the satellite broadcaster said today as it prepared to ask shareholders to approve a stock-buyback deal.
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Rupert Murdoch's News Corp (NWSa.N)  will sell eight U.S. television stations to private equity firm  Oak Hill Partners for about $1.1 billion.
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New ITV chairman Michael Grade admits the broadcaster must do better as it  unveils a drop in annual profits.
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The chairman of the BBC, Michael Grade, has resigned to take the top job at ITV, the public service broadcaster's main commercial competitor, both companies announced.
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The British Broadcasting Corp (BBC) has invited three of the world's largest media companies to discuss possible bids for its commercial sales and publishing arm, the Financial Times said.
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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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(InfoWorld) - Broadcaster and Internet service provider British Sky Broadcasting GroupÂ (BSkyB) has asked GoogleÂ to host e-mail and other services for its broadband customers in the U.K. Their collaboration could also lead to the creation of targeted TV ads. Google will run mail services for users with addresses @sky.com, host a portal for user-generated video content, and deliver targeted search advertising on BSkyB's Web sites, the companies said Wednesday. In time, that targeted advertising could appear on TV, in the same way that Google is developing advertising sales platforms for broadcast radio and even print media. The digital video recorders that BSkyB offers subscribers to its Sky satellite TV channels are already able to deliver targeted advertising, although the company does not yet use that capability, according to BSkyB spokesman Robert Fraser. "Sky is already very tuned-in to the potential of delivering more-targeted ads to TV users," he said. "We will work together with Google to deliver targeted ads." The companies have set no timetable to introduce such a service, though: "It's an area for future development," he said. While BSkyB's business revolves mainly around broadcasting professionally produced content, the deal with Google will take it into new territory: The companies also plan to build a video portal featuring content generated by Sky subscribers. It will run on systems developed by Google for its Google Video portal, but will be branded as a Sky service, the companies said. The video portal will allow Sky customers to see only content posted by other Sky customers, said Google spokesman DJ Collins. However, content posted by Sky users will also be visible to other users of theÂ YouTube service that Google acquiredÂ in November, he said. Analysts at OvumÂ said that user-generated content is an essential element of any portal. But they wondered why BSkyB isn't making use of MySpace.com, which also belongs to News Corp., the parent company of BSkyB. BSkyB began life as a satellite TV broadcaster. Following itsÂ acquisition of U.K. ISP Easynet GroupÂ in October 2005, BSkyB launched its own broadband Internet access service in July. That service is available only to subscribers to the Sky satellite TV services. The company has 8.3 million subscribers, and aims to have 10 million by the end of the decade, with 3 million of them subscribing to the broadband service, Fraser said.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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Chrysalis sells its radio business for Â£170m to an investment firm headed by former ITV boss Charles Allen.
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ITV, BritainÂs biggest commercial broadcaster, rebuffed a Â£4.73 billion ($8.98 billion) offer from the cable television operator NTL, saying the bid was too low and there was no advantage in a merger. The rejection is the second blow to NTL and its biggest shareholder, Richard Branson. British Sky Broadcasting Group, led by Rupert and James Murdoch, bought a 17.9 percent stake in the London-based ITV on Friday, eight days after NTL expressed interest in a takeover. Mr. Branson called on regulators to block British Sky BroadcastingÂs purchase of ITV shares, while BSkyB said Mr. Branson, the founder of the Virgin Group, Âseems to believe he and NTL have the unique right to acquire ITV.Â.
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Business & money: Competition Commission recommends that BSkyB be forced to sell down its 17.9% to under 7.5%
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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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By James Daley  The satellite TV group BSkyB ramped up the stakes in its battle with the newly launched Virgin Media yesterday, taking out television adverts to warn cable customers that they could lose access to many of Sky's channels due to Virgin's reluctance to pay enough for them.
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British pay-TV giant BSkyB on Wednesday posted a net loss in the first half of its financial year as the group booked a hefty charge on the dwindling value of its 17.9-percent stake in broadcaster ITV.