While some have said News Corporation’s offer to sell Sky News, as part of a deal to allow it to take control of BSkyB, is a non-starter (it loses £30m a year) Robert Peston, the BBC’s business editor, has a neat explanation of how this could in fact come to pass.
BSkyB would simply he writes have to guarantee to take output from Sky News for a number of years — probably ten. That way Sky News is far more likely to attract interested buyers, media or otherwise. Read more »
Something it a foot. The News Corporation chairman, Rupert Murdoch, has suddenly cancelled all of his meetings at Davos this year, according to the FT.
Murdoch had been due to attend a panel on Jan. 28 with Vodafone Group CEO, Vittorio Colao, and Google CEO, Eric Schmidt, at the World Economic Forum in Davos, Switzerland. Read more »
The US version of Channel 4′s hit teen drama ‘Skins’ is proving way too racy for US advertisers.
More than half a dozen advertisers have pulled their ads following its premier. They include Taco Bell, Subway, H&R Block, Wrigley, GM and Schick Hydro.
This is a complete reversal of fortune for MTV which had a strong line-up of advertisers in the premiere, but pressure from the Parent Television Council (PTC), as Campaign reports, has done the trick. Read more »
With the BBC announcing it was cutting its web operation on Monday with 200 jobs lost it is the turn of the BBC World Service today, which is to lose 650 jobs or a quarter of its number.
The cuts come as the government removes Foreign and Common Wealth Office aid funding funding as of 214 as part of its budget cuts. Read more »
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