LONDON - The Bronfman family, the largest shareholder in French media group Vivendi Universal, has sold 1.2bn ( 763m) worth of its shares back to the company.
LONDON - US satellite TV broadcaster EchoStar has agreed to postpone an antitrust filing against DirecTV, in a move that will allow the General Motors-owned broadcaster to consider a bid from its smaller rival.
LONDON - US satellite broadcaster EchoStar has seen the value of its 1bn ( 703.1m) convertible bonds issue fall 3%, as uncertainty about its chances of acquiring its larger rival DirecTV mounted.
LONDON - More than 35% of marketers who spend 5m ( 3.5m) or more on advertising believe medium-sized agencies create the best work, compared with only 9% favouring larger agencies, according to new research.
LONDON - The European Commission has launched a new draft law that proposes to ban almost all tobacco advertising in the EU, seven months after a court ruled a previous ban illegal.
LONDON - Online retailer Letsbuyit.com has announced that first-quarter operating losses have narrowed and it has secured new funding of 3m ( 1.8m) from a private investor.
LONDON - Marketwatch.com, the San-Francisco-based online financial news company, is to cut about 15% of its workforce because of the slowing online advertising market.
LONDON - UK media group the Daily Mail 25m for a radio licence in Brisbane, Australia through its joint venture radio station, Brisbane Radio Pty.
LONDON - Shares in UK media group Emap soared 15p yesterday after investment bank Lehman Brothers replaced its "market under-perform" recommendation with "market perform".
LONDON - UK advertising agency M&C Saatchi is to open its first Chinese office in Shanghai.
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