Virgin spat may hit BSkyB profit
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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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A leveraged buyout of Virgin Media   would rely heavily on tax benefits for returns to any  private equity buyer, just as the industry faces mounting  criticism over the use of other types of tax breaks.
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Virgin Media accuses BSkyB of "bullying" after talks break down over showing Sky channels on cable TV.
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BSkyB, the satellite television company affiliated with the News Corporation, has bought a 17.9 percent stake in ITV, BritainÂs biggest commercial broadcaster, in a move that could thwart the ambitions of Richard Branson, the Virgin Group entrepreneur, to strengthen his position in the British media market. Mr. Branson had hoped to combine ITV with a cable company, NTL, in which he owns an 11 percent stake. The battle for ITV is rooted in a struggle for control of living rooms in Britain, which has one of the highest rates of digital TV and broadband Internet use in the world. BSkyB is the countryÂs biggest pay-TV operator, with more than eight million subscribers to its satellite system. NTL hoped to use the Virgin brand name and the ability to sell a Âquadruple playÂ of television, broadband, fixed-line phone service and cellphone service to gain an edge on Sky.
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BSkyB's profits rise after a major advertising campaign leads to a strong-than-expected rise in subscribers.
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Virgin boss Sir Richard Branson has said the group is in talks with a Chinese company over setting up a mobile phone service in mainland China.
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The National Consumer Council considers making a "super-complaint" about the BSkyB-Virgin Media TV row.
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Richard Branson&#39;s Virgin Mobile has forecast substantially higher earnings and margins, but disappointing predictions for service revenue
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Telecoms giant BT is looking again at price rises on wholesale broadband which have angered small net providers.
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Australian budget airline Virgin Blue reports a jump in half-year profits and lifts its earnings outlook for the year.
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The Competition Commission is to investigate BSkyB's purchase last year of a stake in ITV.
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Wired's Michael Belfiore goes past Virgin's PR machine to assess the problems of Virgin Galactic's space venture. Pilot Brian Binnie and passengers talk risks and rewards.
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HBOS , Britain's biggest  mortgage lender, said profits are on track to rise 4 percent  this year but it will take a 180 million pound ($367.7 million)  hit on the value of assets due to the credit crunch, which will  also hurt margins.
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Virgin not lying down Virgin Media isn't going to take Sky's withdrawal of its basic channels lying down, and has threatened legal action for abuse of a dominant position if Sky doesn't agree to independent arbitration within 30 days.â¦
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Media & professional: Richard Branson and Charles Allen, the former ITV chief, could launch a takeover of Virgin Radio.
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By DAMIEN HENDERSON and STEWART PATERSON  VIRGIN Media yesterday sought to assure its three million cable television viewers that they would receive an enhanced service despite losing popular programmes such as Lost, The Simpsons and 24.
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BSkyB sees its share price rise after it reports better-than-expected new subscriber numbers.