BARCELONA, Nov 16 (Reuters) – MetroPCS Communications Inc
expects its shareholders to back a deal to merge with
T-Mobile USA in a vote planned for February or March,
its finance officer said on Friday.
T-Mobile USA, a unit of Deutsche Telekom, and MetroPCS said
last month that they wanted to merge their companies, creating a
stronger number four on the U.S. wireless market.
BARCELONA (Reuters) – Omnicom, the biggest ad agency in the United States, said it was feeling “increasingly positive” on the outlook for the advertising market next year, despite a low-growth economy persisting across the globe.
The comments follow an industry-wide advertising slowdown in September which had prompted analysts and investors to be on the hunt for any signs of improvement in the willingness of large corporations to spend on advertising.
BARCELONA (Reuters) – Vodafone Group Plc (VOD.L: Quote, Profile, Research, Stock Buzz) chief Vittorio Colao said he could not rule out an exit from the United States, a day after posting results showing the Verizon Wireless business there has become the main growth engine for the British group.
Speaking in Barcelona at a conference organized by investment bank Morgan Stanley, Colao said the Vodafone board regularly reviews what to do with its stake in Verizon Wireless and would continue to do so.
LONDON, Nov 13 (Reuters) – Vodafone wrote down the
value of its business in Spain and Italy by 5.9 billion pounds
($9.4 billion) and lowered its cash flow forecast as
recession-hit southern Europeans cut back on using their mobile
The British mobile operator on Tuesday became the latest
company to fall victim to a plunge in demand in peripheral euro
zone countries, as they drive through austerity measures to
reduce government deficits.
LONDON (Reuters) – The head of news at the British Broadcasting Corporation stepped aside on Monday after a program falsely accusing a former senior politician of child abuse sparked one of the worst crises in the publicly-funded broadcaster’s 90-year history.
The BBC has been rocked by two news programs, one that falsely accused the politician which was broadcast last week, and another which alleged child sex abuse by a former star presenter, the late Jimmy Savile, but which was not aired.
LONDON, Nov 12 (Reuters) – Britain’s BBC could be doomed
unless it makes radical changes, the head of its governing trust
said, after its director general quit to take the blame for the
airing of false child sex abuse allegations against a former
BBC Trust chairman Chris Patten said on Sunday confidence
had to be restored if the publicly funded corporation was to
withstand pressure from rivals, especially Rupert Murdoch’s
media empire, which would try to take advantage of the turmoil.
LONDON, Nov 11 (Reuters) – Britain’s BBC must undergo a
radical overhaul in the wake of “shoddy” journalism which led to
the resignation of its chief or its future will be in doubt, the
head of the state-funded broadcaster’s governing body said on
Chris Patten, chairman of the BBC Trust, said opponents of
the BBC, especially Rupert Murdoch’s media empire, would take
advantage of the turmoil to up the pressure on its long-term
LONDON, Nov 11 (Reuters) – BBC director general George
Entwistle has resigned just two months into the job, after the
state-funded broadcaster aired mistaken allegations of child sex
abuse against a former leading politician.
The BBC was already reeling from revelations that a
long-time star presenter had been a paedophile, and the
conspicuous failure to apply normal journalistic standards was
the last thing it needed.
LONDON (Reuters) – BBC Director General George Entwistle resigned on Saturday, just two months into the job, after the state-funded broadcaster put out a program denounced by its chairman as shoddy journalism.
The BBC, reeling from revelations that a former star presenter was a paedophile, brought further problems on its head when a flagship news program, Newsnight, aired a mistaken allegation that a former top politician sexually abused children.
LONDON (Reuters) – James Murdoch was re-elected to the board of BSkyB on Thursday, ensuring his family’s media empire retains a direct influence at Britain’s biggest pay-TV company despite being weakened by a phone hacking scandal.
James Murdoch, forced to quit as BSkyB chairman in April over his role in the scandal at his father Rupert’s News Corp, was re-elected as a BSkyB director with around 95-percent support in a shareholder vote at an annual meeting.