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LONDON - Shares in NTL soared 23.4% to 0.79 today as news emerged about a restructuring of its 12bn debt, which could see the company try to covert some of the debt into shares as it tries to avoid collapse.
NEW YORK - AOL Time Warner has signed a marketing agreement with Motorola which will see the media giant license its Warner Bros characters for screensavers, ringtones and wireless games in Europe.
LONDON - Another 2,000 jobs are set to go at NTL, bringing the total number of jobs lost at the UK cable operator to around 8,000.
LONDON - NTL is to begin charging for its previously free internet access service NTLworld in an attempt to help reduce its 12bn debt burden.
LONDON - NTL chief executive Barclay Knapp is said to be scrambling to find another way of raising the 1.5bn which the sale of its broadcast transmission business had been expected to fetch.
LONDON - NTL's hopes of selling its broadcasting transmission business this side of Christmas appeared to be under threat with the news that potential buyer and NTL shareholder France Telecom has failed to offer the 1.5bn the cable group wanted to raise from the sale.
LONDON - Vizzavi, the Vodafone and Vivendi internet portal mobile, is abandoning its reliance on mobile delivery to expand into other platforms as the two firms renegotiated the terms of their joint venture partnership.
LONDON - United Business Media indicated no signs of recovery in the US advertising market as it reported a 41.5% decrease in ad page volumes for October.
LONDON - US cable magnate and Liberty Media chairman John Malone could have a fight on his hands in his bid to buy some of the assets of Deutsche Telekom, as German competition authorities prepare to block the 3.4bn deal.
LONDON - The personal computer will be the top medium for accessing the internet in 10 years' time, according to Yahoo!'s UK managing director.
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