Media

Media mogul Rupert Murdoch's UK pay-TV operators BSkyB are anxiously watching recent moves in the cable and telephony sectors in the US and UK.

Beverley Hills Ltd has announced the formal partnership between CNBC - the

Three non-executive directors who fiercely objected to the sale of London's Wembley Stadium by Wembley, the gaming and leisure operator, on the grounds that it was being sold too cheaply, have resigned from the board.

The UK Race-Course Association is on collision course with a number of its member racecourses over the sale of television rights to the former Eastern Bloc.

Princeton Video Image Inc (PVI), a global leader in virtual advertising, has appointed a new chief technology officer.

SportsLine, the US internet sports information service, which runs web-site such as CBS SportsLine, soccernet and Golfweb, is to develop a $50milion European subsidiary in partnership with Intel, MediaOne and Reuters.

The man in charge of next year's Sydney Olympics has lashed out at the International Olympic Committee after senior IOC members attacked him for releasing confidential documents detailing their personal habits.

The UK betting industry has been thrown into turmoil by Irish government plans to reduce betting duty from 10% to 5%.

A merger between Europe's dominant national pay-TV operators, BSkyB and Canal Plus could be revived.

Cablevision Systems Corp.has reported a narrower-than-expected loss, boosted by strength in its cable televsion and programming businesses.

Ultimate Sports Entertainment, the Los Angeles-based entertainment company with operations in licensing and comic book publishing, have secured a licensing agreement from the Major League Baseball Players Association to market a series of comic books turning Baseball superstars into superheroes.

The German government's media commission, the Landesmedienanstalten has decided to regulate on virtual advertising.

The New York Yankees not only won the World Series, but they also topped the list of Major League Baseball's money makers for 1998.

Pepsi-Cola International has launched the first TV commercial featuring English soccer giants Manchester United in Thailand - where there is a fanatical following for the Premiership winning team.

The world's largest professional surfing competitions are set to anchor the $400,000 Panasonic ShockWave Beach Games from July 19 to August 1 in Huntington Beach.

Fox Sports Net and Sports Management Group (SMG) have stepped up their campaign to buy the bankrupt NHL franchise the Pittsburgh Penguins.