Grupo Televisa delays its Univision stake offering

Article Abstract:

Univision Communications Inc.'s planned offering of company shares owned by Grupo Televisa SA, a television broadcasting company, has been cancelled at the instance of Grupo Televisa. The planned offering, scheduled for Oct,. 8, 1998, has been postponed in light of unfavorable market developments. Grupo Televisa, which hopes to sell 20% of its stake in Univision Communications, has expressed plans to reschedule the stock sale by the middle part of October 1998. The offering is part of the efforts of the television broadcaster to generate additional capitalization.

Comment:

Its planned offering of co shares owned by Grupo Televisa SA has been cancelled due to market developments

United States, Television broadcasting, Univision Communications Inc., Article

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U.K. orders BSkyB to reduce its stake in ITV

Article Abstract:

British Sky Broadcasting Group PLC has been requested by the UK government to lower its stake in British television broadcasting company ITV PLC to alleviate conflicts with antitrust law. BSkyB would lower its stake from 17.9% to under 7.5%. BSkyB intends to write down $680 mil of its investment in ITV due to a drop in the share price of ITV of more than 45%; it is unclear what any BSkyB losses will total.

Financial management, Television broadcasting stations, Telephone communications, exc. radio, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Antitrust Law, Communication services, not elsewhere classified, Company investment, Investments, Securities, Satellite communications services industry, British Sky Broadcasting Group PLC, Company securities, Antitrust issue, ITV PLC

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Pearson net falls 36%, but FT unit surges

Article Abstract:

Full-year 2007 net profit for UK publishing firm Pearson PLC dropped 36% to $565.6 mil, due primarily to a significantly higher tax bill. However, the firm's Financial Times division showed a dramatic increase, more than doubling. Pearson's overall sales increased 4%.

Sales, profits & dividends, Book publishing, Book Publishers, Company sales and earnings, Company earnings/profit, Pearson PLC, Financial report

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