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US cable giant, Liberty Media, has for the second time declined to increase its stake in UK cable operator, Telewest Communications, indicating that its European cable ambitions may be on the wane. According to a report on FT.com, Liberty passed up the chance to buy Microsoft’s 25% holding in Telewest, despite having first rights on… Continue reading Liberty Media Passes Up 25% Telewest Stake Opportunity

Cable operator NTL has finally emerged from bankruptcy protection after restructuring its debt to satisfy creditors. The company will now be split into two parts, NTL Incorporated, featuring its UK and Ireland business, and NTL Europe. Lenders have agreed to swap $10.9 billion in debt for equity. NTL’s parent company initially applied for Chapter 11… Continue reading NTL Emerges From Bankruptcy

Steve Case, the beleaguered chairman of AOL Time Warner, has bowed to increasing pressure and announced his intention to step down in the spring. This development comes on the back of revelations that the world’s largest media company will be forced to take a charge of at least $10 billion as a result of writedowns… Continue reading AOL Chairman Quits Following Shareholder Unrest

A tough six months for digital set-top box manufacturer, Pace Mirco Technology, were revealed this morning, with turnover falling by 61% to £83.4 million for the interim period. Losses before tax and goodwill hit £15.9 million for the half year to 30 November 2002, down heavily on the £22.2 million profit of the same time… Continue reading Pace Falls Into The Red As Digital Box Sales Decline

Didier Bellens, the chief executive of RTL, has restated his commitment to Channel 5 and said that the broadcaster was capable of achieving a 10% share of the UK television audience. In an interview in this weekend’s Observer, Bellens denied rumours that RTL was prepared to sell its 65% share in the rebranded Five to… Continue reading RTL Remains Alive To Five

Trinity Mirror’s chief executive of newspapers, Joe Sinyor, has resigned as a director and will leave the company today, it was announced this morning. Sinyor’s departure was predicted in December, alongside reports that he and Trinity chairman, Sir Victor Blank, held disagreements on strategy for the group’s national newspapers (see Sinyor Rumoured To Be Departing… Continue reading Sinyor Leaves Trinity Mirror

News International has confirmed that David Yelland has quit as editor of the Sun. He will be replaced by News of the World editor, Rebekah Wade, with effect from tomorrow. A spokeswoman for News International confirmed that the announcement was made by the company’s chairman, Les Hinton, in an internal email earlier today. Yelland’s departure,… Continue reading Yelland Quits As Editor Of The Sun

The beleaguered telecoms firm Cable & Wireless has appoined a new chairman as it seeks a remedy for its well publicised financial woes. Former British Aerospace financial director Richard Lapthorne takes over from Sir Ralph Robins with immediate effect and has been given carte blanche to make boadroom changes. C&W chief executive Graham Wallace is… Continue reading Lapthorne Moves Into C&W Hotseat

Convincing customers that online credit card use is safe from fraud is a key task for marketers if they are to entice consumers online during the New Year sales, says the Chartered Institute of Marketing (CIM). The Institute says that shoppers see credit card fraud as a major problem when shopping online and that changing… Continue reading Web Retailers Must Reassure On Credit Card Security, Says CIM

Emap has appointed its chief operating officer, Tom Moloney, as its new chief executive, replacing Robin Miller, who has being doing the job on an interim basis for the last 18 months. Moloney, who has been at Emap since 1981, is understood to have been in the running for the position since it became available… Continue reading Emap Appoints Moloney As New Chief Executive