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Sir Richard Branson, NTL’s biggest shareholder, is set to challenge BSkyB after the satellite giant bought an almost 18% stake of ITV late on Friday, in a deal worth close to £1 billion.NTL has said that it will complain to the competition authorities, including the OFT, the European Commission and Ofcom, about Sky’s £940 million… Continue reading Branson Bites Back At Sky’s Swoop On ITV

RTL, Europe’s largest broadcaster, is understood to be working with private equity backers on a possible £5 billion bid for ITV.According to a report in today’s Financial Times, the RTL bid would see private equity groups putting forward most of the funds needed to acquire ITV, as this would allow RTL to acquire a stake… Continue reading RTL And Equity Firms Could Make Bid For ITV

Reed Elsevier has announced that it is on track to deliver on its target of 5% organic revenue growth for the year, although its eduction division has suffered from underperformance and a weak textbook market. In an update on trading, Reed Elsevier said that it is performing well in the Science and Health markets, with… Continue reading Reed Elsevier On Target To Deliver 5% Revenue Growth

RTL, the German media group, is apparently working with private equity backers on a possible £5 billion bid for ITV. The RTL bid, according to today’s Financial Times, would see private equity groups putting forward most of the funds needed to acquire ITV. A deal structured in this way would enable RTL to acquire a… Continue reading RTL And Equity Firms Could Make ITV Bid

Sir Martin Sorrell, chief executive of WPP, has named Michael Jackson, former head of Channel 4, as his preferred candidate for the chief executive role at ITV. According to reports in the trade press, Jackson, at the moment president of programming at InterActiveCorp, is being lined up to become chief executive if the NTL/ITV merger… Continue reading Sorrell Gives Jackson Backing For ITV Top Job.

Ofcom today announced a total ban on advertisements for food and drink products which are high in fat, salt and sugar (HFSS) in all children’s programming, broadcast at any time of day or night, which hold particular appeal for children up to 16. Ofcom has estimated that the impact on total broadcast revenues could be… Continue reading TV Junk Food Ban Could See Channel’s Lose £39 Million Per Year

Arqiva has announced the signing of a sale and purchase agreement (SPA) with BT to acquire the full-time service components of BT’s satellite broadcast services business for £25 million in cash. The deal will include long-term customer contracts, operations and personnel located in the USA, France, Italy and the Netherlands, as well as the UK.… Continue reading Arqiva To Acquire BT’s Satellite Broadcast Business

Merrill Lynch (ML) is again raising its US online ad forecasts, to account for the third quarter IAB results and its own higher fourth quarter growth estimate. ML is now forecasting Q4 growth of 30% year on year, up from 27%, and full year growth for 2006 of 34%, up from 31%. For the full… Continue reading Merrill Lynch Raises US Online Ad Forecast

Ofcom has defended today’s announcement that the communications regulator would introduce new wide-ranging restrictions on junk food advertising aimed at children, after being attacked by various broadcasters and health bodies.Ofcom’s chief executive, Ed Richards, has said that the new restrictions will cost the industry £210 million less than a total ban. After this morning’s announcement,… Continue reading Ofcom Bites Back As Industry In A Spin Over Junk Ad Proposals

The media must adapt to the unprecedented opportunities that the changes in the industry are bringing, according to BSkyB chief executive, James Murdoch, who was speaking at the IAB Engage 2006 conference in London.Echoing the views aired earlier in the day by Yahoo! CEO and chairman, Terry Semel, Murdoch said that there is a trend… Continue reading Media Must Adapt To Unprecedented Opportunities And Change