British Sky Broadcasting is in detailed talks with Reuters, according to an article in today’s FT, about a possible partnership between Sky News and Reuters.
Reuters appears to have taken over in the running from ITN as a future partner for loss-making Sky News. For some time Sam Chisholm, BSkyB chief executive, has been looking for a way of reducing the £30m a year cost of the 24-hr news service.
… The current flotation of BSkyB greatly overvalues the company, according to stockbrokers Henderson Crosthwaite. Their research estimates the company to be worth £2.6bn, compared with the £4bn-£4.6bn suggested in the flotation proposals.
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