ITV to double spending on content
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ITV boss Michael Grade announces a new strategy to double spending on content by 2012.
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The BBC has confirmed plans to axe 2,900 jobs over the next three years under moves to make savings of Â£320 million. In a special message to staff, director general Mark Thompson said 2,500 jobs will be cut
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X Factor viewers were overcharged by Â£200,000 because of an interactive vote blunder, ITV admits.
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Reports of a takeover approach continues to surround ITV, the UK's largest commercial broadcaster.
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The amount spent in the UK on pay-TV services is now greater than advertising revenue in the TV industry.
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British television broadcaster ITV is looking to sell a range of &quot;noncore&quot; assets, including its $126 million, or 12.3 per cent, stake in Australia&#39;s Seven Network.
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News at Ten is to return to ITV1, presented by Sir Trevor McDonald, it has been reported.
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Media conglomerate NBC Universal aims   to more than double revenue from its digital businesses to   about $1 billion by 2009 from an estimated $400 million this   year, a source familiar with its plans said on Monday.
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Britain's public broadcaster, the BBC,  announced one of the biggest shake-ups in its 82-year history  Tuesday, with plans to axe at least 2,900 jobs, or 10 percent  of its workforce, and trim $624 million in costs.
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US iPlayer in the works Just as the BBC is slashing jobs at home, its commercial tentacle is ramping up efforts to squeeze money from its programming and web content abroad.â¦
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Media & professional: Channel 4 is pay around Â£28m for 50% of Emap's music TV business.
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'Vertical integration' and cross-promotion in the TV landscape is prompting calls to limit media consolidation.
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An animated series is  redrawing the lines of television mega-deals.
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ITV, the biggest British commercial television network, on Wednesday forecast further falls in crucial advertising revenues after a poor 2006 -- a year in which it also got a new chief executive and faced a takeover bid.
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The intensifying demand is enabling the broadcasters to raise rates for spots scheduled to appear during prime-time shows next season.
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Media & professional: BBC may deal with funding shortfall by making fewer but 'bigger' shows, leading to more repeats.
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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.