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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 ...

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 ...

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 ...

BSkyB shares dip on Vivendi/USA Networks talks

by Deutsche Bank, in return for a 2.6bn loan, as a condition of European regulatory approval for its ...

NTL plans cost-cutting programme
to meet £950m profits target

, along with investment bank West LB, in the transmission business. However, neither appears to want ...

Carlton pre-tax profits drop to
£118m as ad revenues fall

in Carlton rose 1.9% to 219p this morning. Yesterday, its stock was upgraded by investment bank Merrill Lynch ...

Carlton rises on stock upgrade

In a morning note to clients, the investment bank upgraded the ITV company's shares to "neutral" from "reduce". The broker said there was an encouraging trend toward advertising on ITV for November and December and, although revenues would be down 12% year-on-year, the outlook for the year ...

United Business Media undervalued
according to investment bank

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

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 ...

Universal Music gives ITV a
£12m advertising boost

ITV companies Carlton and Granada have suffered considerably as a result of the weakness in the advertising market. Granada has seen revenues fall by around 11% so far this year. However, investment bank Merrill Lynch has revised its estimates upwards and says the slump will not be quite as bad ...

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