BSkyB hits back at Grade attack

Article Abstract:

BSkyB has defended its bid for Channel 5 and has accused Michael Grade, chief executive of Channel 4, of being ill informed about the Indepedent Television Commission's C5 award process. Grade called for government intervention to prevent BSkyB taking a major stake in Channel 5, as he believes that Rupert Murdoch's News International, which owns 40% of BSkyB, would be in a dominant position.

British Sky Broadcasting Group PLC

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Americans woo Saudi cash for Fininvest stake

Article Abstract:

Time Warner may link up with Prince Al-Waalid Bin Talal Bin Abduliz Al Saud of Saudi Arabia to make a bid for a minority stake in the media empire controlled by Italian businessman Silvio Berlusconi. There are currently plans to sell off a number of minority stakes in Fininvest, with the Berlusconi family retaining 25-30%. Interest is also being shown by the Kirch group of Germany.

Time Warner Inc., TWX, Berlusconi, Silvio

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MTV joins bid for Telemontecarlo

Article Abstract:

MTV Europe, a global music channel, is another prospective buyer of Telemontecarlo of Italy, a national terrestrial TV station. The company has been seeking a major alliance in Italy for some time as it wants to expand its music prgramming on Italian TV, especially when Videomusic, the existing music TV chain, changes its format.

MTV Networks Europe, Tele-Monte Carlo

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