World Business Briefing: Media Company Is Acquired and Then Divided
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Two Australian media companies, the Macquarie Media Group and Fairfax Media, began a $1.08 billion bid for Southern Cross Broadcasting.
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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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Media & professional: A consortium of four private equity firms is looking at buying Virgin Media, the $8bn (Â£4bn) cable company involved in a spat with BSkyB and whose biggest shareholder is Sir Richard Branson.
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Two recent acquisitions illustrate a new enthusiasm for rollup strategies in the new-media sector.
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Rupert Murdoch's News Corp. , moving to regain full control of its majority-owned Fox television properties, is offering to buy the remaining publicly held shares of Fox Entertainment Group Inc. in a nearly $5.9 billion stock deal.
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The $8.2 billion deal to take media  company Tribune Co. private has become entangled in a newly  inflamed debate over media ownership rules at the Federal  Communications Commission, the Los Angeles Times reported on  Friday.
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After one of the most bitter takeovers in corporate history, the challenge is to stitch the two companies together.
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The Swedish private investment firm Proventus Industrier said it had purchased 15.2 percent of Finnish media company Alma Media, thus creating potential problems for Norwegian media giant Schibsted's takeover bid for the Finnish company.
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"We will invest, we'll put new blood into the company ... with acquisitions worldwide"  Endemol's new owners will invest and look at acquisitions worldwide, John De Mol, who founded the television content company and is now buying it with Italy's Mediaset , told Italy's La Repubblica newspaper. via Reuters UK
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The Associated Press is reporting that film and television studio Metro-Goldwyn-Mayer Inc. has agreed to let itself be bought out by a consortium headed by Sony.
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: Bertelsmann, the worldâs fourth-largest media group, is looking for acquisitions which could include part of the British Broadcasting Corporation, after its music and TV units helped triple half-year profits.
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Singapore&#39;s largest media publisher and the city-state&#39;s biggest free-to-air broadcaster will take stakes in each others&#39; operations, the two companies said Friday, four years after the industry was deregulated to boost competition.
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The deal, announced Thursday, brings to an end a 16-year run for Reader's Digest as a publicly traded company. It was not yet clear whether the deal would result in management changes
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The move by the Bush administration set back media companies hoping to own both TV stations and newspapers in the same markets.
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Journal Broadcast Group today announced that it has made several  adjustments in its management alignment to heighten its focus on  Interactive and New Media opportunities. Journal Broadcast Group is a  Journal Communications (NYSE:JRN) company.
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Takeover news was front and center during the shortened trading week.
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Johnson & Johnson , one of the world's top marketers, has split its $3 billion media buying account among the big advertising holding companies after a nearly four-month long review.