London ad sources expect a European marketing onslaught from a combined Liberty Global-Virgin Media company after Liberty founder John Malone announced the cable giant’s $16 billion agreed takeover of the U.K. telecom firm.
Despite a turbulent fourth quarter defined by the phone hacking scandal, News Corp. reported on Wednesday afternoon that its total operating income for the quarter was $1.35 billion, a 45 percent increase from the $932 million reported this time last year.
James Murdoch is “likely” to remain head of British Sky Broadcasting after gaining the support of the company’s key independent director, Nick F
Though the deal was a year in the making, Rupert Murdoch’s News Corp. has abandoned its bid for full ownership of the satellite broadcasting company British Sky Broadcasting Group. The decision follows intense police and media scrutiny of fallen Murdoch newspaper News of the World, not to mention intense public pressure in the U.K. and a negative reaction from Wall Street.
News Corp. has decided to drop its bid to acquire satellite company British Sky Broadcasting, the media conglomerate announced today.
The phone hacking scandal that has rocked Rupert Murdoch’s News Corp. and led to the closure of its News of the World has not gone unnoticed on Wall Street.
It was less than two weeks ago that the British government gave Rupert Murdoch’s News Corp. the green light to move forward with the acquisition of British Sky Broadcasting.
After more than a year, News Corp.’s takeover bid for British satellite broadcaster BSkyB is nearing completion. Britain’s culture secretary, Jeremy Hunt, gave his approval for the takeover last Thursday, subject to some tweaking of the conditions and a new consultation of market rivals that will run until July 8.