PARIS (Reuters) – Europe’s biggest satellite operator Eutelsat (ETL.PA: Quote, Profile, Research, Stock Buzz) is more accustomed to staking out territory in outer space than worrying about earthly politics, but this year it was plunged into the thick of the Arab Spring.
The company has benefited as populations clamor for news coverage from its customers in the Middle East, in particular fast-growing broadcaster Al Jazeera.
LONDON/PARIS (Reuters) – British tabloid veteran David Montgomery is eyeing a return to the newspaper business via a restructuring of heavily indebted southern French regional newspaper group Groupe Hersant Media, he said on Tuesday.
Montgomery, a former editor of Rupert Murdoch’s News of the World and until recently chief executive of European newspaper group Mecom (MEC.L: Quote, Profile, Research, Stock Buzz), said he was in talks with Hersant’s creditor banks and would reach a deal by year end if at all.
LONDON (Reuters) – Book publisher Penguin, a unit of Pearson (PSON.L: Quote, Profile, Research, Stock Buzz), sees “dark clouds” gathering after a strong Christmas, as structural and cyclical factors combine to obscure the view.
Penguin’s Chief Executive John Makinson said on Tuesday the publisher’s Christmas list was strong — with authors including comedian Lee Evans, “Diary of a Wimpy Kid” writer Jeff Kinney, and Tom Clancy — although not as strong as last year’s. Sales in the first nine months of the year were flat.
LONDON (Reuters) – (For other news from the Reuters Global Media Summit, click here) The Financial Times expects its print advertising revenues to be overtaken by subscription and cover price sales for the first time this year, marking a milestone on its road to escape its dependency on volatile advertising markets.
The FT, the only unit of British publishing group Pearson (PSON.L: Quote, Profile, Research, Stock Buzz) with significant exposure to advertising, has been at the forefront of making consumers pay for news on the Web, and now makes almost 30 percent of its revenues online.
LONDON/FRANKFURT (Reuters) – AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators who say it would destroy jobs and curb competition.
The U.S. telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the $39 billion takeover from the U.S. Department of Justice, but withdrew applications to the industry regulator, for now at least.
LONDON/NEW YORK (Reuters) – Amid a global economic environment plagued by debt, joblessness and recession fears, an unlikely haven has emerged for investors in the form of media companies that own sports rights.
It’s been a long time since media companies were considered a good investment, but there’s no doubt that the business of sports has so far been immune to most of the economic damage — a theme likely to be prominent in the Reuters Global Media Summit in New York, London and Paris next week.
LONDON (Reuters) – Deutsche Telekom (DTEGn.DE: Quote, Profile, Research, Stock Buzz) may be forced to sell assets closer to home and take a knife to its cost base if its $39 billion deal to sell T-Mobile USA to AT&T (T.N: Quote, Profile, Research, Stock Buzz) collapses.
Investment bankers in the telecoms sector say the German group’s immediate priority will be to protect its dividend, which it will struggle to do if the deal fails.
LONDON, Nov 24 (Reuters) – Deutsche Telekom
may be forced to sell assets closer to home and take a knife to
its cost base if its $39 billion deal to sell T-Mobile USA to
Investment bankers in the telecoms sector say the German
group’s immediate priority will be to protect its dividend,
which it will struggle to do if the deal fails.
FRANKFURT/LONDON, Nov 24 (Reuters) – Prospects for the
$39 billion sale of Deutsche Telekom’s T-Mobile USA
unit to AT&T darkened after the U.S. telecoms giant said
it would take a $4 billion charge in case of failure and the
pair gave up on one avenue of regulatory approval.
The companies have not given up hope of sealing the deal but
analysts said it now looks less likely than ever.
LONDON, Nov 23 (Reuters) – James Murdoch has resigned
from the boards of the publishing units within News Corp’s
British newspaper arm, which used to include the
now-defunct News of the World tabloid at the centre of the phone
hacking scandal, regulatory filings show.
Murdoch, son of media mogul Rupert and deputy chief
operating officer of News Corp, remains chairman of News
International, the News Corp unit that houses its British
newspapers, and a member of the Times editorial board.