Media

Dallas-based investment firm Hicks, Muse, Tate & Furst, is to slow down its Latin American activities to concentrate on its North American and European projects.

US virtual imaging company Princeton Video Image (PVI) has signed a two-year deal with NFL team Philadelphia Eagles to provide virtual advertising in all Eagles pre-season games.

The future practices of soccer journalists in the UK were finally approved yesterday between Football Data Company, the commercial and licensing division of England’s Premier League and Football Leagues, and the UK’s major journalist bodies.

A Colombian soccer director is demanding sanctions against Argentina for missing last month's Copa America, which went ahead in the Andean nation at six days' notice after earlier being postponed until 2002.

The Irish Horseracing Authority (IHA) wants to alter its media and betting operations to a system similar to the one used in the UK.

Germany's state broadcaster ARD and media group Kirch have ended their row over German soccer broadcasting rights by reaching a joint agreement.

For a Formula One team there is only one sound more comforting on race day than the roar of their car's engine on the track and that is the whirr of their sponsors' helicopters overhead

BBC television has withdrawn from negotiations with promoter Don King over the rights to broadcast the world heavyweight title rematch between Lennox Lewis and Hasim Rahman in November.

The popularity of spread betting was verified today after UK-based soccer group Zetters launched IFX Financial, a financial spread betting service.

Internet giant SportsLine.com ? the US-based firm which also boasts European arm Sports.com - has put back the date it expects to break even after announcing its financial results for the second quarter ending June 30.

Ladbrokes, the world?s largest bookmaker, is reportedly planning to invest #40million ($57m) in high street betting shops in the UK to take advantage of tax-free gambling.
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ITV Digital, the commercial digital terrestrial TV service due to launch its ITV Sports Channel in August, says it is on target to break even in a couple of years.

Sports rights and marketing companies World Sport Group (WSG) and Parallel Media Group International (PMI) are to merge.

Advertising for some major sporting events such as Formula One could go up in smoke after the European Union (EU) unveiled new draft legislation for a Europe-wide ban on tobacco advertising.

A rival series to Formula One is unlikely to happen although leading car makers have the resources and cannot be underestimated, International Automobile Federation (FIA) president Max Mosley said on Saturday.

A report out tomorrow from US broker SG Cowen is expected to say that a much anticipated merger between EchoStar Communications and DirecTV would not break antitrust laws.

The postponement of this year's FIFA World Club Championship in Spain could damage soccer?s credibility in Japan, according to the president of J. League club Jubilo Iwata.

The International Cricket Council (ICC), the sport's governing body, is to focus on the use of technology for decision making at this week's Playing Committee (CC-P) meeting, taking place from May 23-25.