A consortium including Macquarie Bank's South Korean private equity arm and MBK Partners is set to acquire a 30 per cent stake in the country's second biggest cable TV group and targeting the remaining shares. Macquarie Korea Fund has signed a preliminary deal to purchase the stake from Goldman Sachs for about $650m (E479m), and […]

The Office of Fair Trading will make its decision on whether to review contracts rights renewal by the end of summer. With the start of the TV trading season – which will see advertising deals struck between broadcasters and media agencies for 2008 – starting next month, any decision to review CRR is unlikely to […]

Tom Bosco will oversee sales of video advertising across MySpace. “Tom’s proven track record of driving revenue around online-video products gives MySpaceTV an incredible advantage in the marketplace going forward. Video is a huge focus for us from a monetization perspective with virtually limitless opportunities on MySpace. Tom’s experience adds to our team one of […]

Digital media protection specialist SecureMedia has been acquired by US competitive communications provider Cavalier Telephone and TV. SecureMedia will remain an independent company, servicing current customers while pursuing new worldwide. The company will also provide technology and services to advance Cavalier Telephone and TV’s new business developments and long-term strategy. “When Cavalier first set out […]

An association of computer and communication companies, including Google, Microsoft and Yahoo, accused several professional sports leagues, book publishers and other media companies of misleading and threatening consumers with overstated copyright warnings. In a complaint to the Federal Trade Commission, the group, the Computer and Communications Industry Association, said that the National Football League, Major […]

Widevine has filed a patent infringement lawsuit against Verimatrix for unspecified damages. The lawsuit comes following attempts by Widevine to openly license its intellectual property to Verimatrix. Widevine claims it has important intellectual property in the field of content protection with a robust patent portfolio of 8 issued patents and approximately 45 domestic and international […]

As predicted Virgin Media is to delay its auction in the hope credit market turbulence will settle to allow private equity suitors to finance bids of up to $23 billion (E16.8bn). The UK company had set a deadline of next week for initial offers, after an approach by Carlyle kicked off an auction. But its […]

Disney has made its first acquisition in social networking buying Club Penguin, which operates an online virtual world for children, for a fee that could eventually rise to $700 million.The deal bolsters its presence in digital entertainment. Unlike social networking sites for older audiences, such as MySpace and Facebook, Club Penguin has a subscription-based business […]

Graeme Oxby has replaced Alan Gow as MD of Virgin Media. He will report to Neil Berkett, Virgin Media’s chief operating officer and will be responsible for driving Virgin Mobile’s consumer proposition and additionally its integration with Virgin Media.

Viacom Inc posted a better-than-expected profit, boosted by the film division. The New York-based owner of MTV Networks, Paramount movie studios and Nickelodeon cable channels said its second quarter profit fell less than 1 per cent to $434 million down from $437.3 million a year earlier. Revenue rose 13 per cent to $3.19 billion ahead […]