END OF THE WORLD July 7, 2011 ■ Murdoch closes best-selling tabloid in desperate bid to save rest of his empire ■ Bid for BSkyB hangs in balance as Hunt delays decision until September RUPERT MURDOCH abruptly ended his 42 year ownership of the News of the World yesterday, killing off the iconic brand in a desperate bid to save the rest [...]
Murdoch bid for Sky is still in the balance July 7, 2011 MURDOCH’S bid for BSkyB was hanging in the balance last night, despite his bombshell decision to close the flagship News of the World. A Sky director told City A.M. the two sides are “miles away from any decision on price” because the situation “is changing so quickly”. Culture Minister Jeremy Hunt has been forced to [...]
England hope to swing in the rain July 7, 2011 Tomorrow – 10.45 am, Sky Sports THE reliability of rainfall and changeable weather during the English summer does have its plus points. Well, for the England cricket team it does at least. It helped them to a 10-wicket victory over Sri Lanka on Wednesday. The conditions at Trent Bridge enabled the Three Lions bowling department [...]
NEWS CORP FEARS DELAY TO SKY BID July 6, 2011 NEWS Corp bosses yesterday feared they may be forced to delay the firm’s multi billion pound bid for BSkyB, as the toxic political and commercial fallout of the phone hacking scandal continued to gather pace. Bankers close to the deal told City A.M. that negotiations have ground to a halt while both sides consider the [...]
HSBC PLAYS MUSICAL CHAIRS IN M&A ROLES July 6, 2011 CHANGE at the top at HSBC. The Capitalist has learned that rising star Maged Latif, who joined the bank from Goldman Sachs two years ago, has been fast-tracked from deputy head of M&A to co-head of global financial institutions group (FIG) advisory. Latif, who made his mark advising the government on taking Northern Rock into [...]
Cavendish dodges chaos to snatch 16th Tour win July 6, 2011 BRITISH sprint specialist Mark Cavendish produced a superb finish to snatch victory in a tumultuous fifth stage of the Tour de France. The HTC-Highroad rider (inset) pipped Belgian Philippe Gilbert, of Omega Pharma-Lotto, and Spaniard Jose Joaquin Rojas, of Movistar, in a frantic climax in Brittany. Norwegian Thor Hushovd, of Garmin, retained the yellow jersey [...]
Hushovd still in yellow as Evans takes stage win July 5, 2011 AUSTRALIA’S Cadel Evans beat defending champion Alberto Contador in a tight sprint finish in yesterday’s fourth stage of the Tour de France. Norwegian Thor Hushovd retained the yellow jersey after finishing sixth, while Britain’s Bradley Wiggins climbed four places to sixth in the overall race standings after crossing the line 11th. His Team Sky colleague [...]
Advertisers snub Murdoch tabloid July 5, 2011 A string of top companies yesterday said they could pull advertising from the News of the World as the phone hacking crisis engulfing the newspaper continued to escalate. Ford said it will not place adverts in this weekend’s edition and companies including nPower, Halifax and Everything Everywhere say they are considering cutting ads in light [...]
News Corp’s bid for BSkyB gets approval June 30, 2011 JEREMY Hunt finally waved through News Corp’s proposed bid for BSkyB yesterday after accepting a string of concessions over Sky News. The decision from the culture secretary (pictured) marks the end of a long period of negotiations between the media giant, Department of Culture officials, the Office of Fair Trading and Ofcom. The decision will [...]
BARRED: MOBILE BOSS TALKS HIS WAY INTO HIS OWN GLASTO PARTY June 30, 2011 IF YOUR name’s not down, you’re coming in – not even if your name is Tom Alexander, chief executive of Everything Everywhere, and you are trying to get in to your own party at Glastonbury. As the other partygoers got stuck in to the free drinks inside the VIP farmhouse rented by the mobile phone [...]