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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

Ofcom executives are said to be discussing BSkyB’s shock acquisition of an almost 18% stake in the UK’s biggest commercial broadcaster, ITV.Following the acquisition of the stake, Ofcom will have to decide whether the move constitutes a “change of control” at ITV and whether it would compromise the commercial broadcaster’s obligations as a public service… Continue reading Ofcom To Discuss BSkyB’s ITV Acquisition

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

Ofcom is today expected to announce its decision on the potential restrictions on junk food advertising aimed at children, with broadcasters and advertisers waiting nervously for the regulator’s decision.Some in the media believe that the length of time Ofcom has taken to come to a decision (the consultation process was closed at the end of… Continue reading Ofcom Set To Reveal Junk Ads Decision Today

Ofcom has announced a total ban on junk food ads from all children’s programming, broadcast at any time of day or night, which hold particular appeal for children up to 16.The ban covers all children’s programming including on dedicated children’s channels, as well as in youth-oriented and adult programmes which attract a significantly higher than… Continue reading Ofcom Bans Junk Food Ads In Children’s Programming

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.