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Virgin Media is to appeal against the Competition Commission’s ruling that Sky must reduce its stake in ITV, saying that it does not go far enough.In a statement, it said: “While Virgin Media strongly supports the Competition Commission’s conclusions that the acquisition has led to a substantial lessening of competition, it is appealing the Competition… Continue reading Virgin Media Launches Legal Challenge To Sky-ITV Share Ruling

BSkyB has confirmed it will launch a legal challenge against the competition regulator’s ruling ordering it to sell the majority of its 17.9% stake in ITV. Sky, which will lose hundreds of millions of pounds selling down the stake to below 7.5%, said it would lodge its application with the Competition Commission tribunal (CCT) today.… Continue reading Sky Confirms Legal Challenge To ITV Stake Ruling

BSkyB has confirmed it will launch a legal challenge against the competition regulator’s ruling ordering it to sell the majority of its 17.9% stake in ITV.Sky, which will lose hundreds of millions of pounds selling down the stake to below 7.5%, said it would lodge its application with the Competition Commission tribunal (CCT) today.The satellite… Continue reading Sky Confirms Legal Challenge To ITV Share Ruling

This week will see Sky launch its appeal against the Competition Commission’s ruling forcing it to reduce its 17.9% stake in ITV to under 7.5%. The news comes three weeks after business secretary John Hutton followed the Competition Commission’s recommendation, leaving Sky until next Monday to lodge an appeal (see Sky Told To Reduce ITV… Continue reading Sky To Launch ITV Stake Appeal This Week

New figures from Nielsen Media Research show that BSkyB’s total advertising spend has increased more than 30% year on year, to as much as £160 million in 2007. Nielsen said that BSkyB spent £115 million on above-the-line media, a 60% year on year increase. Agency estimates put BSkyB’s total media spend for 2007 at close… Continue reading Sky’s Media Spend Could Be As High As £160m

Ofcom has announced new measures to strengthen viewer protection in participation TV, introducing new mandatory licence conditions for television broadcasters.The new measures come after a host of phone-in scandals rocked the industry, with the watchdog handing out massive fines to Channel 4 (see Ofcom Fines Channel 4 £1.5m Over Phone In Quizzes) and GMTV (see… Continue reading Ofcom Announces New Licence Conditions For TV Phone-Ins

BSkyB’s total advertising spend has increased more than 30% year on year, to as much as £160 million in 2007, according to new figures from Nielsen Media Research.BSkyB spent £115 million on above-the-line media, said Nielsen, a 60% year on year increase.Agency estimates put BSkyB’s total media spend for 2007 at close to £160 million,… Continue reading Sky’s Media Spend Could Reach £160m

Scottish Media Group has now received four offers for Virgin Radio, of between £60 million and £70 million, pushing the group’s share price up. A surprise bid has come from Malaysia’s largest media company, Astro All Asia Networks, with other bidders including Global Radio, which recently offered £313 million for industry leader GCap Media (see… Continue reading SMG Gets Four Offers For Virgin Radio

It was another busy week in the City, with Yahoo! the main focus of attention following Microsoft’s attempted $45 billion takeover.At the start of the week, Yahoo! rejected the bid, saying that it substantially undervalues the company (Full Story).However, a deal could still go ahead if Microsoft returns with an improved offer, which reportedly might… Continue reading Media In The City: Yahoo! Still Centre Of Attention

Yahoo! has restarted talks with AOL about a deal designed to help it avoid a takeover by Microsoft. AOL is believed to have held discussions with Yahoo!’s advisers in recent days to see if an agreement between the two companies is possible. Yahoo! and AOL have held discussions in the past, but failed to team… Continue reading Yahoo! Reopens Talks With AOL