British goverment says Murdoch's BSkyB must cut ITV stake
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The British government ruled on Tuesday that media giant BSkyB must cut its holding in independent television broadcaster ITV to below 7.5 percent, as recommended by competition authorities.
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Monopoly watchdogs don't like the smell of big stake Government regulators have demanded that Sky offload most of its stake in ITV because it threatens competition in the TV market, and could harm consumers.â¦
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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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British Broadcasting Corp., the world&#39;s largest public broadcasting company, announced plans yesterday for some of the biggest budget cuts in
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Cable firm NTL  has dropped plans to bid for ITV  after its 4.7-billion-pound ($9.3 billion) proposal was rejected by the British broadcaster and rival BSkyB  swooped to take a blocking stake in ITV.
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Britain's Competition Commission has recommended that pay-TV firm BSkyB reduce its 17.9 percent stake in broadcaster ITV to below 7.5 percent because it is anti-competitive.
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The government rules that BSkyB must reduce its share holding in ITV from 17.9% to below 7.5%.
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By Rupert Steiner  BSKYB, Rupert Murdoch's satellite empire, stands to lose up to Pounds 60m (E89m, $117m) in its next financial year from its increasingly heated spat with Sir Richard Branson's Virgin Media group.
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Media watchdog Ofcom is ordered to investigate BSkyB's controversial purchase of a 17.9% stake in ITV.
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BSkyB offers to give up some voting rights in ITV as it tries to hold onto a stake in the television broadcaster.
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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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Britain's Competition Commission has  recommended that pay-TV firm BSkyB reduce its 17.9 percent  stake in broadcaster ITV to below 7.5 percent because it is  anti-competitive.
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LONDON (CBS.MW) -- The state-funded British Broadcasting Corp. said Tuesday it would eliminate close to 2,900 jobs, mainly in administration, hoping to achieve annual savings of 320 million pounds ($624 million) within three years.
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Broadcasting Unions demanded on Friday that the BBC drop plans to cut 1,800 jobs or face strike action.
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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.
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Nearly three thousand jobs are to be axed at the British Broadcasting Corporation (BBC) as part of a cost-saving &quot;transformation&quot; of the world&#39;s biggest and best-known public broadcaster.
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A firm has asked for more time before handing back its redundant TV factory to the Welsh Assembly Government.