Sky asked to dispose of ITV stake
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British Sky Broadcasting PLC should dispose of most of its stake in ITV, Britain's Competition Commission recommended Thursday.
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HBOS abandoned its ambition to take over its rival Abbey National yesterday, as Spain&#39;s Banco Santander Central Hispano stepped up its efforts to convince investors to back its proposed Â£8.
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MIKE GATTING has slammed the decision to award live TV rights for all of England&#39;s home Test matches to BSkyB as &quot;irresponsible.
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LONDON, March 5  /PRNewswire-FirstCall/ -- Following Sky's withdrawal of its basic channels from Virgin Media's  TV service, Virgin Media has formally advised Sky that it will pursue action in the high court if their carriage disputes are not resolved within 30 days.
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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.
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WELLINGTON (Dow Jones)--New Zealand&#39;s monopoly pay television operator Sky Network Television Ltd. (SKY.NZ) said Thursday it is in merger talks with its majority shareholder Independent Newspapers Ltd. (INL.NZ).
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Government orders Rupert Murdoch's network to sell down from 17.9% to 7.5%
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A group representing UK media companies calls on the BBC Trust not to allow adverts on its international websites.
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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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Rupert Murdoch's News Corp. Ltd.  NCP.AX will sell its stake in Sky Latin America to DirecTV  Group DTV.N, another company which it controls, for $579  million in order to consolidate operations of the two satellite  broadcasters, the companies said on Monday.
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A slump in value of its stake in ITV causes a loss for broadcaster BSkyB in the final half of 2007.
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ITV, the biggest British commercial television network, has said that its under-fire chief executive Charles Allen was quitting after two and a half years in the post.
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NEW YORK  - Rupert Murdoch's News Corp. Ltd. willsell its stake in Sky Latin America to DirecTV Group, anothercompany which it controls, for $579 million in order toconsolidate operations of the two satellite broadcasters, thecompanies said on Monday.
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CABLE TV customers threatened to quit the Virgin service yesterday after a number of Sky channels were switched off in a dispute between the companies.   The blackout  which happened in the middle of a programme  came after a midnight deadline to resolve the row passed without an agreement.
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ITV rejects a merger proposal from the cable firm NTL, saying it undervalues the broadcaster.
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Britain's pay-TV firm BSkyB  looked set for a costly climb-down after a regulator said it should sell more than half of its anti-competitive 17.9 percent stake in ITV .
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Broadcaster ITV takes its phone-in quiz channel ITV Play off Sky and Freeview.