May 15, 2002 |
Vivendi Universal sold its remaining stake of 14% in British Sky Broadcasting Group in a deal worth $2.5billion. A source close to the sale said that the deal to sell the stake in BSkyB was designed to alleviate the pressure on Vivendi credit rating. "It's clear Vivendi has chosen now to sell the stake because they received a credit downgrade recently," the source said.
May 4, 2000 |
Elisabeth Murdoch, the daughter of media tycoon Rupert Murdoch, announced Wednesday that she will leave the satellite TV operation British Sky Broadcasting this summer to set up her own company. The move is widely seen as a response to speculation that her father is positioning her brother, Lachlan, as his heir apparent. Rupert Murdoch's two sons, Lachlan and James, also are involved in the family business.
October 3, 2007 |
British Sky Broadcasting Group, whose chairman is Rupert Murdoch, might be forced to sell its 17.9% stake in ITV after a regulator backed Virgin Media's Richard Branson in saying the holding harms competition. The stake might enable BSkyB, Britain's largest pay-TV company, to influence ITV's strategy, Britain's Competition Commission said. The regulator will consult on "possible remedies," including a potential divestment of the shares.
November 15, 2003 |
James Murdoch weathered a storm of intense criticism at his debut British Sky Broadcasting Group shareholder meeting, as Chairman Rupert Murdoch fiercely defended his son's appointment as chief executive. "There is no conflict of interest," the elder Murdoch said. There were bitter words from the audience. "You have an arrogance to shareholders that is appalling," one investor said. Despite the furor, James Murdoch was confirmed as a board member.
April 4, 1996
Digital Pay-TV Alliance to Be Scrutinized: Antitrust authorities said they will investigate the alliance between Bertelsmann and CLT of Luxembourg. Alliances in European media among old foes and newcomers may be designed to protect home markets rather than to develop cross-border links, analysts said. The German Federal Cartel Office said it is likely to refer the proposed merger of Bertelsmann and CLT to the European Commission.
December 18, 1990 |
The government today cleared a merger between Rupert Murdoch's Sky Television and British Satellite Broadcasting. Trade Secretary Peter Lilley said he will not refer the deal to the Monopolies and Mergers Commission. The Conservative government's decision sparked criticism from opposition parties.
May 2, 1991 |
The two major shareholders of British Sky Broadcasting PLC said Wednesday that they reached an agreement on providing additional funding for the money-losing satellite television network. The network was formed though last year's merger of Rupert Murdoch's Sky Television and British Satellite Broadcasting. The amount of funding and how much each shareholder is providing was not released by shareholders in separate statements.
January 20, 1998 |
British Sky Broadcasting Group's stock fell near record lows Monday, hit by negative brokerage reports and continued uncertainty about the pay-TV company's digital-TV launch. The stock dropped nearly 7% after one of the company's brokers, BZW, cut its profit forecasts for BSkyB. In the last year, BSkyB's shares have been buffeted by management changes and concerns about the launch of the company's 200-channel digital-TV services.