Tuesday, March 22, 2005

Free Press: Big Media Ownership Reports

Free Press

BIG MEDIA SEEN STAYING BIG EVEN IF VIACOM SPLITS
By Kenneth Li
Few investors and analysts see seismic shifts in an industry that has spent decades bulking up, following the Viacom disclosure.

TRIBUNE TO FIGHT RULING ON HARTFORD HOLDINGS
Tribune Co. said a federal judge ruled that its holdings of newspaper and television assets in the Hartford, Conn., market violated federal media ownership rules.

NEWS CORP. ACQUIRES ALL OF FOX
Rupert Murdoch's News Corp. persuaded Fox Entertainment Group Inc. minority holders to accept $6.6 billion for their stock, giving him full control of assets including Fox News Channel and the 20th Century Fox film studio.

DILLER JUMPS INTO SEARCH WARS WITH ASK JEEVES DEAL
By Jefferson Graham, USA Today
Media mogul Barry Diller's IAC/InterActiveCorp said Monday that it will spend $1.85 billion to acquire fourth-ranked Internet search engine Ask Jeeves.

BBC STAFF EXPRESS OUTRAGE AT 'MURDEROUS' CUTBACKS
By Jason Deans, John Plunkett and Julia Day
The BBC director general Mark Thompson has been accused of "ripping out the heart" of BBC programming as journalists greet the news of job cuts in the newsroom with fury and bewilderment.

MEDIA FIRMS PIECE TOGETHER NEW STRATEGIES
By Frank Ahrens
After a decade of growth by acquisition, media conglomerates such as Viacom, Sony Corp. and Time Warner Inc. are beginning to reconfigure, pushed by new technologies and changing consumer habits.

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