Virgin Media buyout would wring profit from taxes
61210
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.
522169
By Rupert Steiner, The Business, London  Mar. 3--BskyB, Rupert Murdoch's satellite empire, stands to lose up to  Â£60m (E89m, $117m) in its next financial year from its increasingly heated  spat with Sir Richard Branson's Virgin Media group.
399320
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.
513282
BRITISH tycoon Richard Branson&#39;s Virgin Group is jumping into the market for online music, with a &quot;Digital Megastore&quot; offering US customers song downloads for US99c ($1.
89651
Entrepreneurs are considering selling firms because of uncertainty over capital gains tax, the CBI head says.
756972
The New York Times Company said yesterday that its profit for the year would fall short of what it had initially forecast, a casualty of higher costs and of advertising revenue that has
6416
Media & professional: Richard Branson and Charles Allen, the former ITV chief, could launch a takeover of Virgin Radio.
564240
Virgin Mobile Holdings PLC reported an 18 percent surge in revenue but lower net profits for the half year Thursday as the costs of its listing on the London Stock Exchange this summer hurt the bottom line.
594766
These companies want to buyback their shares, which just might boost their earnings per share.
133119
Business & money: Cable company says it has received a takeover bid and is considering potential sale.
521648
Richard Branson&#39;s Virgin Mobile has forecast substantially higher earnings and margins, but disappointing predictions for service revenue
361505
By Dolbeck, Andrew  The media business is big business. The industry's high potential profits draw investors while high levels of competition drive dealmaking and consolidation.
308666
Media & professional: Private equity group has made preliminary offer for Virgin Media, according to reports.
79476
Cable network on the block again Virgin Media, bowed by its protracted legal tussle with Sky, has again become the target of a takeover approach by private equity carpetbaggers.â¦
47557
Great expectations have lifted the company's shares -- but is it time to cash out?
669165
No, we're not for sale. No, really, we're not Cable &amp; Wireless has played down suggestions of a planned takeover as the firm announced that it more than doubled its annual pre-tax profits to Â£249m.â¦
507774
Richard Branson's Virgin Mobile, floated on the stock exchange in July last year, announced it reached five million British customers during the three months to December.