‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
CITY MOVES | WHO’S SWITCHING JOBS May 23, 2010 Ofcom Stewart Purvis will quit media regulator Ofcom after a two-and-a-half year stint at the quango. He will leave his post in the autumn. He was responsible for content regulation and standards. He was previously chief executive at ITN and has over 30 years of broadcast experience, including working for the BBC and ITN. At [...]
Canvas gets the all clear from the OFT May 19, 2010 THE Office of Fair Trading (OFT) will not investigate Project Canvas, a tie-up between large media players, over fears it will stifle competition. The proposed joint venture by firms including BBC, BT, TalkTalk and ITV will offer video-on-demand content through a viewer’s Freeview box. The scheme has come under fire from rivals Sky and Virgin [...]
Cut-price Sky Sports moves a step closer April 29, 2010 SKY’S stranglehold over subscription TV took a hit yesterday as a court refused to postpone a ruling forcing it to slash the price it can charge rivals for Premier League football. The ruling guarantees top flight games will be available across four platforms by the start of next season. Sky, led by chief executive Jeremy [...]
Virgin Media’s sales rise but losses widen April 28, 2010 VIRGIN Media continued its roaring run of form with its fastest ever customer growth last quarter. It surpassed analyst expectations as it added 38,300 net cable customers to solidify its position as the UK’s second biggest pay-TV provider. Chief executive Neil Berkett said the firm had benefited from both record new customers and the lowest [...]
Sky ready for round one with Ofcom April 21, 2010 SKY and Ofcom will tomorrow begin what promises to be a long and tortuous legal battle over the future of pay TV. Sky will appear before the Competition Appeal Tribunal to request a stay of implementation on Ofcom’s new rules forcing the broadcaster to slash the prices it can charge rivals for Premier League football. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 15, 2010 FINANCIAL TIMES INVESTORS RAISE FEARS ON “STEWARDSHIP CODE” As the Financial Reporting Council prepares to issue a shareholders’ best practice code, industry groups and institutional investors say they are worried it will become another list of boxes to tick. The FRC’s consultation on the world’s first official “stewardship code” closes on Friday and it expects [...]
Premier League to defend Sky April 15, 2010 THE Premier League has announced it will challenge Ofcom’s ruling to slash the price Sky can charge its rivals to show matches. It says investment in the sport will suffer as a result. Premier League chief executive Richard Scudamore said: “Having taken time to study the Ofcom decision we have concluded we have no option [...]
Sky chief says Ofcom ruling to hurt industry April 14, 2010 SKY chief executive Jeremy Darroch yesterday launched a scathing attack on Ofcom, claiming the watchdog has endangered smaller channels and will hamper creativity. Speaking at the Mip TV conference in Cannes he said Ofcom’s decision to slash the prices Sky can charge for its content will distort the whole pay TV industry and will have [...]
Crunch meeting for Premier shareholders April 14, 2010 PREMIER League shareholders will meet this afternoon to discuss a series of key issues affecting football’s top flight governing body. The Premier League board is said to be eager to offer more money to lower league clubs to help stave off the threat of administration. We revealed last month the governing body could double the [...]
Digital Economy Bill gets tweaked in the wash up April 7, 2010 LABOUR was on track to squeeze its controversial Digital Economy Bill into law last night, but was forced to drop clauses on regional broadcasting and extending Ofcom’s powers. Crucially, the Conservative opposition backed proposals to cut off the internet connections of people found illegally sharing files as the bill was rushed through a third reading [...]