MURDOCH RETREATS July 13, 2011 TYCOON ABANDONS SKY BID – FOR NOW RUPERT Murdoch’s bid for BSkyB came crashing to earth yesterday after News Corp caved in to intense political pressure and ended its pursuit of the broadcaster. The shock decision marks Murdoch’s darkest day in his 42 years in the British media industry. News Corp acknowledged that proceeding with [...]
FOOTBALL’S NEW GAMING GENERATION July 13, 2011 REMEMBER when a schoolboy’s hopes of football stardom were fuelled by dreams of scoring the winner in a Wembley cup final, or perhaps the pride of donning their country’s colours at a World Cup? Well wise up, granddad, because we all know that tomorrow’s stars are just as likely to be chasing the trappings of [...]
Coalition to vote against Murdoch bid July 12, 2011 THE UK government will tomorrow signal that Rupert Murdoch should halt his pursuit of Sky, it revealed yesterday, sending shares in the broadcaster to their lowest level in a year. Murdoch’s bid to take control of the broadcaster received another blow after David Cameron gave his backing to Ed Miliband’s commons motion against the deal. The [...]
ANOTHER DAY THAT SHOOK THE MURDOCH EMPIRE July 12, 2011 8:00am Chairman of the home affairs committee Keith Vaz calls for information on “precisely what the officers did” in relation to the first investigation. 8:45am Gordon Brown says he was “in tears” when the Sun told him it would run a story about his son’s medical condition. He is careful not to claim reporters broke [...]
How the hacking scandal has hit the Sky brand July 12, 2011 THE last week has been dominated by phone hacking news. It is clear that the public disapproves of the practices used and there is general support for the closure of the News of the World – from the YouGov poll for the Sunday Times; 73 per cent think it is never acceptable for journalists to [...]
News Corp puts Sky bid on hold July 11, 2011 ■ Competition Commission probe to last up to a year ■ Gordon Brown says sick son was target of News Int NEWS CORP yesterday made the shock decision to effectively put its bid for BSkyB on ice for up to a year. Rupert Murdoch’s firm withdrew concessions made to the media watchdog over the takeover, triggering [...]
Sky sinks as investors mull a future without Murdoch July 11, 2011 SHARES IN BSkyB were rocked yesterday by the revelation News Corp will not be making a bid – at least not in the short term. It closed down 4.6 per cent at 715p after earlier falling below 700p for the first time in almost a year. One of BSkyB’s major shareholders yesterday said News Corp’s bid [...]
HOW A BAD DAY JUST KEPT ON GETTING WORSE FOR NEWS CORP July 11, 2011 10:20am Nick Clegg calls for Rebekah Brooks to step down after meeting with murdered schoolgirl Milly Dowler’s mother and sister. He also urges Rupert Murdoch to “do the decent thing” and drop his bid for BSkyB. Brian Paddick calls for a public inquiry. 11:30am Labour leader Ed Miliband, who has maintained a high profile throughout [...]
Bargain hunters should start fishing – but broadcaster is not without risks July 11, 2011 THE sell-off in BSkyB continued apace yesterday, as arbitrage traders piled out of the stock faster than you could shout “the deal is off”. The satellite broadcaster is still a brilliant company, however – one of Britain’s best: bargain hunters should take note. Analysts at Citi point out that BSkyB was trading at 600p a [...]
McIlroy can double up and be the pride of St George’s July 11, 2011 IN TERMS of prestige and history there is no other tournament that can hold a light to the Open and I’m sure this year’s instalment will provide many more memorable moments. The event returns to Royal St George’s after an eight-year absence and the course will provide all the usual tests you expect of an [...]