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ITV Sport faces closure if £315m
football deal is not renegotiated

, the FT says that the league would strongly oppose any attempt to reduce the financial value of the deal ...

MSN and Freeserve top
news and media league

in the top 10 included ft.com at seven, Guardian Unlimited at nine, followed by the Telegraph website at 10 ...

Banks line up to finance EchoStar

Several Wall Street investment banks are understood to have approached EchoStar about providing the financing, which was part of EchoStar's 26bn ( 17.8bn) takeover of Hughes, the General Motors division which is home to its larger rival, broadcaster DirecTV. A spokeswoman for GM told FT ...

Pearson set to lay off 14% at the FT

The news comes as Pearson issued a nine-month trading statement, which revealed it expects profits from the FT Group to be down 40% on last year. According to Pearson, it hopes to make the job cuts through a mixture of early retirement and voluntary redundancy. There is no word on whether ...

Media shares benefit from market surge

One of the surprise winners was Pearson, which, on the back of an announcement that profits at the FT Group are expected to fall by 40%, saw its share price rise by as much as 6% to 772.5p, before falling back to 749p, still up 3.1%. Another troubled media group Reuters, which yesterday ...

Pearson to take full control of FTMarketWatch

to take full control of FTMarketWatch.com and integrate the stock market news and analysis site into FT.com....their jobs following the agreement to take full control of the site and integrate it with FT.com. The news follows Pearson's announcement earlier this morning that profits at the FT Group are likely to be 40% lower than last year. Steven Hill, CEO of the FT Group, said, "We have said that our FT ...

Pearson says FT profits to fall by 40%

LONDON - Pearson, publisher of the Financial Times, is predicting that profits at its FT Group...". In a trading statement, it warned that as well as the FT Group's predicted fall in full-year profits ... Echos , FT Deutschland , as well as The Economist , were down significantly, Pearson said ... has already said it is to cut back its 150m online spending, is likely to cut staff at its FT ...

The451.com announces closure

, competing against the likes of FT.com and Silicon.com, and failed to gain enough subscribers to survive ...

 

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