Events

British Sky Broadcasting, 40% owned by News Corporation, has agreed to pay $1.5 billion for a 24% stake in KirchPayTV, the German pay-TV operator.

Major League Baseball's Chicago White Sox and Internet venture Ignite Sports Media have agreed a multi-year Internet media rights licensing contract.

IMG Motorsports and Marconi have agreed that Marconi Systems will become title sponsor of Cleveland's CART racing event.

Several private equity firms are looking into the possibility of competing for Premier League broadcast rights, according to the UK's Sunday Business newspaper.

NTL, the $14.4bn cable and communications company, is lining up a #1bn bid for exclusive Premier League football rights, according to the UK's Sunday Business newspaper.

A leading German politician has spoken out against Rupert Murdoch's plans to buy outright and then close down the Munich-based analogue channel tm3, which currently holds the broadcast rights to Champions League football.

The South Australian Parliament's Public Works Committee, in a four to one decision, have claimed not enough evidence exists to support spending $A18.5 million on stage two of the Hindmarsh Stadium upgrade.

The Formula-1 race organiser Hungaroring Sport(HS)Rt expects to post a loss because domestic broadcaster MTV cannot pay the rights fees, according to chairman Janos Bereny.

Newmarket, headquarters of British flat racing, on Monday unveiled plans for a new stand, the most expensive project at a British racecourse.

Princeton Video Image, Inc. the leader in electronic imaging, has announced the signing of an agreement with the Arizona Cardinals to use Princeton Video's proprietary L-VIS(TM) system during the 1998 NFL preseason.

Bangladesh has brought in Russian experts to repair disabled power plants after soccer fans threatened violence if the electricity fails during World Cup matches.

Ian Campbell, former President of Nike Sports Entertainment has joined Bob Gutkowski?s Marquee group and will launch Marquee Australia.

ESPN International has signed a multi-year programming agreement with Sydney-based Optus to provide a 24 hour international sports channel called ESPN Australia.

Independent French outdoor advertising firm Dauphin saw an exceptional level of turnover in June thanks to the World Cup, according to the firm's commercial director .

South Korean officials insisted that they have no intention of backing out of staging the 2002 World Cup.

Germany's powerful but secretive media conglomorate the Kirch Group may be going public according to an unconfirmed report Friday in Italy's financial daily Sole 24 Ore.