Media

Orad Hi-Tec Systems Ltd. has established OradNet Inc, a wholly-owned subsidiary of Orad, dedicated to the development, marketing and commercialisation of immersive sports webcasting technologies.

The Extreme Sports Channel and Extreme.com are to be `golden? sponsors for this years Urban Beach International which takes place at the London Arena from the 11-15 August.

The Extreme Sports Channel has signed a deal with United Sport to broadcast Wake Up!

Belo Interactive has reached an agreement with eFANshop, a Dallas-based e-commerce company, to operate online sports stores at the web sites of Belo's television stations and newspapers.

Trans World International's senior international vice president production and business development, Alastair Waddington, is taking on more responsibility as TWI continues to expand.

Portugal?s most famous soccer clubs Benfica is to be rescued from near-bankruptcy in a 45 million euros (#27m) deal put together by Altium, the British merchant bank.

Glasgow Rangers chairman David Murray has revealed that the Ibrox club, along with rivals Celtic, have agreed in principle to join a new pan-European football league.

InMotion Technologies is to produce VideoFinish/SimulCam broadcast images for ZDF, the main German broadcaster for the 2000 Olympics in Sydney, Australia.

Sky Network Television is not interested in purchasing the Auckland Warriors rugby league team despite a media report saying that it was considering a shareholding, stated chief executive Nate Smith.

President of the Ukrainian Football Federation (UFF) Valery Pustovoitenko will not seek re-election when his term expires next week.

Scottish Premiership club Celtic has unveiled a pre-tax loss for the full year of 5.9 million pounds ($8.85 million) and pointed the finger at poor performance on the pitch.

Austria's soccer federation has been approached by Switzerland's head of state Adolf Ogi to discuss a possible joint-bid for Euro 2008, according to local media reports.

Four television companies shortlisted for broadcasting the Athens 2004 Games must submit their final bids by September 12, the organising committee has said.

The first person to be convicted on federal charges of running an illegal offshore Internet sports gambling operation has been sentenced to nearly two years in prison.

The Golf Channel is to revamp its web site during the PGA Championship next week to offer visitors more than just the latest news about the day?s golf.

Two businessmen who say the Walt Disney Co. stole their idea for a sports-theme attraction have asked a jury to award them $1.5 billion in damages.

Jose Maria Garcia has joined Spanish media giant Telefonica's unit Telefonica Media as chairman of its sports operation

The Australian Football League will cut coverage of the 2001 pre-season Ansett Cup by half to avoid over-exposure. The Seven Network Limited will televise only 14 out of 27 games.