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Business

ITV offloading Freeview business?

ITV is reportedly considering selling digital television business, SDN, up for sale as it weighs its options to raise extra funds. The broadcaster’s executive chairman, Michael Grade, is finalising plans to raise cash as the group faces a slump in advertising revenues and further pressure from servicing its debt and pension fund. Grade has just […]

February 25, 2009

BBC3 chief in at Sky

Former BBC3 controller Stuart Murphy has been appointed as the director of programmes at Sky1. Murphy, who is currently creative director at independent production house Twofour, maker of Sky1’s Noel’s HQ, will replace Richard Woolfe, who is moving to head Channel Five.

February 24, 2009

Ofcom applications for HD capacity

Ofcom has received two applications from the PSBs who are eligible to apply for capacity sufficient for a fourth High Definition service on Multiplex B. The applicants are Five and a joint bid from Channel 4 and Welsh-language broadcaster S4C. Ofcom is now considering both applications and expects to publish its decision in April 2009. […]

February 24, 2009

Liberty to shelter Sirius from Echostar?

Sirius XM is weighing up a refinancing offer from Liberty Media ahead of today’s deadline to repay $175m in bonds to EchoStar which was using the debt’s leverage in an attempt to take over the US satellite radio company. Liberty Media is offering a senior secured loan that will allow the bonds to be redeemed. […]

February 19, 2009

ITV exec for You Tube

YouTube has appointed ITV director of viewer marketing Anna Bateson as its European marketing director. She will join the video-sharing site in May to grow the YouTube brand across Europe, as well as develop commercial opportunities Bateson – who joined ITV in 2006 having previously been VP of marketing at MTV- arrives at YouTube a […]

February 19, 2009

Comcast sinks 32%

Comcast Corporation, America's largest cable TV provider, said that its fourth-quarter earnings fell 32 percent, hit by a $600 million write-down of its investment in the Clearwire Corporation, the wireless technology provider. Comcast's revenue and adjusted earnings were ahead of estimates, however, helped by growth in Comcast's video segment. In the fourth quarter Comcast earned […]

February 19, 2009

ITV to sell 'Friends'

ITV is understood to have put the social networking website Friends Reunited up for sale as it faces a cash crisis amid plunging revenue. ITV snapped up Friends Reunited in 2005, before Grade arrived, in a £120m (E134m) deal. Under the terms of the deal, ITV was to pay a further £55m this year and […]

February 19, 2009

Stand-off delays Commission piracy plans

The European Commission is set to delay proposals to tackle online piracy until the end of its current mandate, following heavy pressure from telecoms companies and consumer organisations. Lobbies from the music sector and the wider online content production industry have been pushing for a range of initiatives to reduce Internet piracy in Europe. Brussels […]

February 19, 2009

Malone $500m deal for Sirius

John Malone's Liberty Media has offered $250m in a senior secured loan as the first step in a "multi-stage" deal to rescue Sirius XM ahead of an imminent debt deadline, the companies said in a statement. The deal offered by Liberty involves a debt for equity swap and leaves Liberty, which controls DirecTV with a […]

February 19, 2009

Turkey fines Dogan $400m

Turkey's biggest media group has fallen foul of the authorities incurring a $408m tax fine at a time when its advertising revenues are set to weaken and its parent company wants to use its cash to expand in other sectors. Dogan Yayin, which owns TV channels and daily newspapers disclosed the fine, which is bigger […]

February 19, 2009