Media
Business

Broadcasters who use their new digital channels to sell subscription services, such as pay-per-view sports events, will have to hand over 5% of their gross revenues to the U.S. Treasury, the FCC ruled Thursday.
Business

On the eve of a pivotal bargaining session, NBA commissioner David Stern, speaking on ESPN's "Up Close," said cancellation of the entire season is a very real possibility.
Media

Ted Turner's TNT and TBS stations are suffering plunging ratings, and an acute shortage of young male viewers, thanks to the lockout that has removed an average of three NBA games each week from their schedules.
Media

Britain's United News & Media Plc has denied a report that it was on the verge of striking a 100 million pound ($166 million) deal to buy a major stake in top English soccer club Arsenal.
Events

The Organising Committee for the Olympic Football Tournaments, Sydney 2000, has reaffirmed their ruling on age limits, and announced that the Men's Olympic final will be played in Sydney's new Olympic Stadium.
Events

New York Yankees majority owner George Steinbrenner has agreed in principle to sell his stake in the team to media giant Cablevision Systems Corporation in a record-setting deal, New York media has reported.
Business

Motor sport's ruling body has dismissed any suggestion that a media rights deal it had negotiated with racing mogul Bernie Ecclestone could be nullified by the European Commission.
Media

Telecom Italia's board of directors has approved an accord to sell part of its digital television unit to Rupert Murdoch's News Corp, an industry source has said.
Events

Yankees majority owner George Steinbrenner has said that should he sell his stake in the team to media giant Cablevision Systems Corporation, he and his family would remain in control of the club.
Events

The ATP Tour announced a new series of elite tournaments and said the game's rules may be changed to make men's tennis more attractive.
Business

Racing tycoon Bernie Ecclestone's efforts to raise $2.0 billion with a controversial bond have received a fresh setback as bankers said the London Stock Exchange (LSE) was so far reluctant to list the security.
Business

Businessman Rod McGeoch, who spearheaded Sydney's bid to host the 2000 Olympic Games, has resigned from the board of the Games' organising committee.
Business

Saudi Arabia has withdrawn from next month's Asian Games in Bangkok because the event clashes with religious and national festivals at home, Thai officials have said.
Business

Only 6,745 athletes from 42 nations have registered to take part in next month's Asian Games by the deadline this week, compared with the anticipated total of more than 8,700, the Games organising committee said.
Media

Margot Jackson, an Australian who won the 100 and 200 metres sprint double at the 1952 Helsinki Games, has been appointed to the board of the Sydney 2000 Olympic organising committee.
Media

The bitter battle for control of Russian football has heated up with the head of the league questioning the veteran federation boss about allegations that large sums were diverted from soccer into banks abroad.
Business

The Italian government does not want a single operator to have more than 30 percent of pay-TV soccer rights, Communications Ministry undersecretary Vincenzo Vita has said.
Business

The decision by the Melbourne and Olympic Parks Trust to seek naming rights sponsors for two of Victoria's premier sporting facilities has caused a mixed reaction among tenants.