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Banks line up to finance EchoStar

Several Wall Street investment banks are understood to have approached EchoStar about providing ... shareholding in the company as security. EchoStar's bid also involves a 2.75bn bridge loan from Deutsche Bank, which was secured last week. Investment banks are understood to be keen to provide the bridge ...

United Business Media undervalued
according to investment bank

LONDON - United Business Media is undervalued according to investment bank Morgan Stanley, which

NTL rises on news of debt restructure

The restructuring would be part of a deal with banks and bondholders, which are threatening to call in debts that would force the company into bankruptcy. Banks and bondholders are drawing up ... mountain, 4.1bn of which is owed to banks alone. NTL had been hoping to sell its broadcast ...

Carlton and Granada fall as ITV ad forecasts are cut

investment bank Merrill Lynch further cut their forecasts, as ITV's advertising outlook worsened....The bank said ITV ad forecasts have been cut to a decrease of 9.7% from a decrease of 7 ... estimates of a 14% fall. Carlton shares fell 2.2% to 187.75p after the bank downgraded the stock ... 0.8% to 134p, as Merrill Lynch trimmed its 2002 Ebitda forecast by 14% to £138.5m. The bank added ...

TV advertising shows signs of recovery

LONDON - The television advertising market has been given a boost by investment bank ABN Amro...The bank pointed to spending by record companies as one sign that things were improving. Earlier this month, record company Universal Music said it plans to spend 12m on TV promoting artists, including ... . This is a more optimistic figure than that set by investment bank Merrill Lynch, which upgraded its ...

SMG forecasts cut to reflect ITV revenues

LONDON - Shares in Scottish Media Group slid 2.6% to 106p yesterday after investment bank Merrill...are down 25% against earlier estimates of a 14% drop. The bank has also slashed forecasts ... to 38m and by 3.2m to 37m respectively. The bank also cut earnings-per-share estimates by 4 ...

Advertising shares end the day up
following interest rate cut

by the Bank of England's decision to cut interest rates by a further 0.5%.

Kirch could be forced into takeover

reports this morning suggest that one of Kirch's lenders, Dresdner Bank, is demanding the repayment of a ... quarter of next year and many of the large German banks are said to be unlikely to extend credit further ...

Market rally over for media shares

was another faller. It fell on the back of reduced earnings forecasts issued by two investment banks ...

BSkyB falls as Vivendi sells stake
to fund US acquisition

BSkyB fell 5.8% in early trading to 753.5p before pulling back slightly to 754p. Vivendi has instructed Deutsche Bank and investment bank Goldman Sachs to sell 150m equity certificates ... , exchangeable into BSkyB ordinary shares in October 2002, are being offered by Deutsche Bank and Goldman Sachs ...

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