Comcast has built up a 30 per cent Sky stake following its auction showdown with Fox on Saturday September 25, 2018 US media titan Comcast this morning confirmed it had bought 30 per cent of shares in British broadcaster Sky so far after winning a dramatic auction for the company against 21st Century Fox on Saturday. In a note to the market, it confirmed it had purchased 515,885,170 shares at its improved offer price of £17.28 per [...]
Theatre promoter Reach4entertainment revenues drop in first half after difficult 2017 September 25, 2018 Investors were not giving theatre communications group Reach4entertainment a standing ovation this morning as shares dropped after it reported declining revenues. Its share price lost 1.75 per cent in early trading after it said revenues were on the decline after a difficult 2017. The figures Revenue slipped from £41.9m the same time last year to £36m for [...]
Strictly Come Dancing professionals make a PR misstep in potential pay row dispute September 24, 2018 Glitter balls, sequins, the foxtrot, and the rest… Daaarling! It is that time of the year again as Strictly Come Dancing waltzed back on to our screens on Saturday night. New celebs, new dancers, new routine – same old format. There will be Craig Revel Horwood looking unimpressed, break-ups, make-ups, tears, injuries, tantrums, and [...]
Sky shares fly as shareholders prepare to accept Comcast’s £30bn takeover offer ‘immediately’ September 24, 2018 Sky's share price flew up almost nine per cent in early morning trading as it urged investors to accept Comcast’s £30.6bn takeover offer immediately, calling it “an excellent outcome for independent Sky shareholders”. The company’s independent committee backed the offer unanimously this morning, following a bidding war between billionaire Rupert Murdoch’s 21st Century Fox and [...]
London firm to launch Spotify-style partner services with Universal Music Group September 24, 2018 London-listed music technology firm 7digital will today reveal a partnership with Universal Music Group, the record label behind artists such as Taylor Swift, Elton John and Lady Gaga, to create new bespoke music partner services attributed to individual artists. The deal will see 7digital power online stores for artists through which fans can buy access [...]
M&C Saatchi: WPP needs ‘radical surgery’ for post-Sorrell future September 21, 2018 M&C Saatchi's boss has warned his firm is ready to swoop on rival ad agency WPP’s territory as Sir Martin Sorrell’s successor is busy performing “radical surgery” on the business. David Kershaw hailed surging earnings at M&C Saatchi, seeing revenue almost double to £215.4m after new accounting rules changed the way revenue from customer contracts [...]
M&C Saatchi: WPP needs ‘radical surgery’ for post-Sorrell future September 21, 2018 M&C Saatchi's boss has warned his firm is ready to swoop on rival ad agency WPP’s territory as Sir Martin Sorrell’s successor is busy performing “radical surgery” on the business. David Kershaw hailed surging earnings at M&C Saatchi, seeing revenue almost double to £215.4m after new accounting rules changed the way revenue from customer contracts [...]
Season finale: Sky takeover battle to be decided by dramatic weekend auction September 20, 2018 The stage is set for the hotly-contested battle for Sky to reach a dramatic conclusion when the bidding war is decided at a quick-fire auction on Saturday. Comcast will go head-to-head with Rupert Murdoch’s 21st Century Fox and Fox’s soon-to-be owner Disney in an auction that will price Sky at a minimum of £26bn. The [...]
Season finale: Sky takeover battle to be decided by dramatic weekend auction September 20, 2018 The stage is set for the hotly-contested battle for Sky to reach a dramatic conclusion when the bidding war is decided at a quick-fire auction on Saturday. Comcast will go head-to-head with Rupert Murdoch’s 21st Century Fox and Fox’s soon-to-be owner Disney in an auction that will price Sky at a minimum of £26bn. The [...]
Sky takeover saga to be decided by auction on Saturday September 20, 2018 The battle between 21st Century Fox and Comcast for media giant Sky will be decided by a three-round auction on Saturday unless a clear winner emerges before then, the Takeover Panel has confirmed. It will go to an auction unless one side submits its "final and best offer" or drops out by 5pm on Saturday, which is [...]