MySpace, once the centerpiece of Rupert Murdoch's digital strategy, has fallen "significantly" short of expectations and is jeopardising a critical $900m internet search agreement with Google.
Source: The Financial Times
The UK is "skint" and the next Government could be forced to raise VAT beyond 17.5pc as it sets about "refilling the coffers", Sir Stuart Rose, the executive chairman of Marks & Spencer, has warned.
Source: The Telegraph
Any media or telecommunications company will soon be able to join Project Canvas, the joint venture led by the BBC, ITV and BT to bring internet video to Britain's television sets.
Source: The Financial Times
Costa, the coffee shop chain owned by Whitbread, could find itself in hot water over its claim in its advertising campaign that "7 out of 10 coffee lovers prefer Costa".
Source: The Times
Aviva, the UK's second-biggest insurer, will keep an eye on the break-up of ING to see if it will yield any acquisition opportunities.
Source: The Financial Times
Luke Burns, the former permanent secretary to the Treasury, could be announced as Luke Johnson's replacement as the chairman of Channel 4 this week.
Source: The Guardian
GM's U-turn over the fate of its European arm had German politicians spitting chips yesterday, but the Business Secretary, Lord Mandelson, called it "a pleasant surprise for workers" at Vauxhall in the UK.
Source: The Independent
Bob Wigley, the prominent City financier, emerged last night as a leading candidate in the saga to find a successor to Michael Grade as chairman of ITV. If successful, the former head of Merrill Lynch in Europe, who has advised on countless bids and takeovers, would become the second banker to snap up one of broadcasting's top jobs in a fortnight.
Source: The Times
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