British broadcaster ITV dismisses NTL advances
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British broadcaster ITV has rejected outright a 4.74-billion-pound approach from US cable operator NTL, arguing that it &quot;materially undervalues&quot; the company.
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Reports of a takeover approach continues to surround ITV, the UK's largest commercial broadcaster.
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No takeover move in imminent for troubled mortgage lender Northern Rock, the BBC learns.
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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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Capital and GWR's merger will not mean standardisation of programming, the stations insist.
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The BBC rejects calls to close BBC Three in order to solve the corporation's financial problems.
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Trade unions at ITV have threatened to strike over plans to close the company's final salary pension scheme
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Viewers' complaints about Russell Brand's jokes at the Brit Awards are rejected by media watchdog Ofcom.
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ITV will not commission new shows from RDF Media until a inquiry into a misleading trailer about the Queen is completed.
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The FA hits back at media claims surrounding Sven-Goran Eriksson and the England coaching set-up.
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The BBC has Wednesday denied accusations that age was a factor in the departure of the long-standing Crimewatch presenter Nick Ross.
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ITV rejects a merger proposal from the cable firm NTL, saying it undervalues the companly
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ITV rejects a merger proposal from the cable firm NTL, saying it undervalues the broadcaster.
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Cable firm NTL Inc  said on Wednesday it had no plans to make an offer for ITV Plc  after Britain's biggest commercial broadcaster rejected its 4.7 billion pound ($9.3 billion) bid proposal last month.
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Sport: The Premier League has rejected reports that it will take legal action over plans to play abroad
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The BBC Trust rejects an Opus Dei complaint that drama Waking The Dead cast them in a bad light.
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NTL Inc., the British-based cable television operator, is reportedly trying to sell its unprofitable Irish unit just five years after acquiring it.