Media

Media magnate, Rupert Murdoch, has been named the most powerful person in the world of sport, according to a ranking published in The Guardian newspaper.

Fox Sports Net (FSN) has bought the over-the-air television rights to MLB?s Texas Rangers and NHL?s Dallas Stars in a 10-year, $250 million deal, which could be extended for another five years, according to The Dallas Morning News newspaper.

Southern Company, the international energy company, is to launch a year-long national TV ad campaign, composed of four new 15-second commercials centering around the company's role as the Official Energy Company of the PGA TOUR.

Liberty Media Corporation has successfully completed its cash tender offer to acquire all outstanding shares of Ascent Entertainment Group, Inc.

A US company is mounting a challenge to a consortium made up of Channel 4, the BBC and cable firm NTL, for the Internet rights to British horseracing.

Last year?s rugby union World Cup made a #47m surplus ? an increases of nearly #30million on the tournament in South Africa in 1995, The Observer newspaper reported ahead of this week?s publication of the tournament accounts.

Formula One supremo Bernie Ecclestone has slammed suggestions he was preparing to relax his grip on Grand Prix racing, saying he would have to be carried out in a coffin before he left the sport.

Orad?s IMadGINE virtual advertising system and CyberSport will be used during the Canadian Football League broadcasts over The Sports Network (TSN), Canada?s most watched sports network.

German media firm, Kinowelt, is seeking to broadcast football league games live in cinemas from August.

When tenders for the new Premier League broadcast deals are tabled on April 3rd, UK clubs will be in an even stronger position to secure funds from finance houses against the value of those rights.

The Inland Revenue is planning to scrap betting duty and replace it with a new tax on bookmakers in response to offshore internet gambling, according to a Financial Times report.

South Korean sports site start?ups are proliferating and using US-based sports marketing models, according to a report from The Korean Times.

CART.com, the official web-site for the CART FedEx Championship Series has been given a new design and format by Quokka Sports Inc, in conjunction with CART.

SportSitio Inc., an online sports communications company, has completed the acquisition of TotalFutbol.com, the Latin American professional soccer news and information portal.

ISL Worldwide has signed Orad Hi-Tec Systems to provide Orad's IMadGINE virtual advertising for the Tennis Masters Series TV coverage. This is the first time that Orad will be providing virtual advertising to an ISL premium event.

German media production company EM.TV Merchandising AG has confirmed it has agreed to acquire a 50 percent stake in Formula One Motor Racing for $712.5 million.