And in the real world... Virgin Media, Setanta, Nationwide and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

Virgin Media and Universal Music have joined forces to tackle online piracy by launching an unlimited music download subscription service.  Source: Financial Times

The Premier League has issued a tender for the broadcast rights to its 46 football matches, increasing pressure on Setanta Sports, which has until Friday to pay the remaining £10 million payment or lose the contract and face administration.  Source: Financial Times

Nationwide’s chief executive, Graham Beale, was paid £1.5 million, including a £750,000 bonus, last year as the building society’s profits fell.  Source: The Guardian

Ripplewood, the private equity group, is considering a bid for General Motors Europe if the Canadian company Magna International drops out.  Source: The Times

Global markets tumbled yesterday as Dominique Strauss-Kahn, the managing director of the International Monetary Fund, said the recession was set to get worse.  Source: The Telegraph

Punch Taverns, the pub company, has raised £375 million to deal with its short-term debt. The company has £4.5 billion of debt.  Source: The Times

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).