Media

Germany's EM.TV & Merchandising said on Monday that privately owned media giant Kirch Group had agreed to acquire a minority stake in the group and take over 49 percent of the company's shares in Formula One holding company SLEC.

Media technology firm Sportvision has won the 2000 Horizon Award for "Sports Business Technology of the Year".

Bids for the Australian Football League (AFL) television rights will not meet the December 1 deadline set by the AFL.

Media reports in the UK suggest the redevelopment of Wembley Stadium has hit a major funding crisis which threatens the entire project.

EM.TV & Merchandising is set to cut its forecast for 2000 earnings before interest and tax (EBIT) - originally set at 600 million marks - by several hundred million marks.

Sports marketing agency Global Sportnet has become the latest company to join the Virtual Imaging Alliance.

German private media giant Kirch Group is near agreeing to take over EM.TV & Merchandising, throwing a financial lifeline to the struggling firm, industry sources said on Thursday.

MTV gets to play at Super Bowl XXXV under an ambitious programming schedule announced by CBS, which gets to show television's most watched sporting event for the first time since 1992.

Brazilian driver Pedro Diniz, son of a multi-millionaire supermarket owner, purchased a "significant" stake in the Prost Formula One team.

English soccer First Division side Nottingham Forest has reported losses of #4.8m ($7.3m) for the year to May 31, 2000.

Ad agency Saatchi & Saatchi has launched an online rugby game called Beat Rugby to keep the New Zealand All Blacks and the team?s sponsors adidas in the sporting spotlight during the international rugby off-season.

German private media giant Kirch Group is close to agreeing to take over EM.TV & Merchandising , according to industry sources.

The British National Ice Hockey League (BNL) has signed a deal with European online ticketing company ts.com, enabling them to sell their tickets via the BNL web site, www.britnatleague.co.uk.

The National Network (TNN) has won the exclusive cable rights to nine XFL games commencing February 11, 2001 and continuing through April 8.

UK commercial radio station talkSPORT has won exclusive rights to broadcast England's next two cricket tours of Sri Lanka.

A virtual sports institute is to be created to give Britain's top sportsmen and women access to the best advice and services wherever they are in the world.

Boston Media Corporation, a Boston-based internet advertising, media and technology firm, has launched an online sports advertising network.

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