Posted by Barry Silverstein on February 6, 2013 06:49 PM
In a deal that looks to dramatically change the complexion of the media business, U.S.-based Liberty Global will buy the U.K.'s Virgin Media to create a broadband company that will supplant Comcast as the world's biggest cable operator.
The $23 billion deal, if approved, will give Liberty Global a strong foothold in the UK. In an intriguing twist, it will also pit Liberty Global's John Malone against his former partner, the media mogul Rupert Murdoch, who operates British Sky Broadcasting (widely known as "BSkyB"). BSkyB has been a bright spot in an otherwise difficult time or Murdoch.
"This deal is good news for the company, its customers and our people," commented another media titan: Sir Richard Branson, the billionaire entrepreneur who founded the Virgin empire. "Together, Liberty Global and Virgin Media are in a great position to shake up the industry and bring the full power of digital technology to UK consumers."
The largest media acquisition of its kind since 2007 "will make the U.K. the ring for a straight slug fest between two global pay-TV heavyweights, John Malone and Rupert Murdoch, as they battle for UK fixed broadband, fixed voice and pay-TV subscribers," according to Adrian Drury, principal analyst at the global consulting firm Ovum.Continue reading...
Posted by Dale Buss on February 6, 2013 09:06 AM
Disney sees higher TV ad revenues drive quarter and considers ESPN exit from U.K. sports coverage.
Dell seeks to transform brand, going private in $24 billion buyout under founder Michael Dell, as Microsoft gambles on involvement.
U.S. Postal Service plans to cut Saturday mail as Hallmark fights the cuts.
Apple loses right to iPhone brand in Brazil.
Arby's launches "fan of the week" promo via Facebook.
Lance Armstrong reportedly under investigation for obstruction and other serious crimes.
BP is hit by new $34 billion claim from U.S. state governments over Gulf spill.Continue reading...
Posted by Dale Buss on February 5, 2013 09:01 AM
Barclays CEO vows to improve bank's ethics as company sets aside $1.6 billion for legal costs following exec shake-up.
S&P and McGraw-Hill sued by U.S. over controversial mortgage bond ratings.
KFC parent Yum! Brands suffers after China scandal.
Applebee's sees social media firestorm after employee posted customer receipt online.
AT&T introduces $1 mobile hotspot (with contract).
Axe broadens men's grooming portfolio.
Amazon and Samsung unseat Apple in customer engagement ranking.
Boeing finds experts stumped over Dreamliner's faulty batteries.Continue reading...
Posted by Mark J. Miller on August 20, 2012 03:33 PM
Just before and during the London Olympics, athletes were not allowed to tweet support for advertisers and marketers unless they were official sponsors of the Games. This led to a few of them being so irked that they tweeted with such hash tags as #wedemandchange and #rule40 so the general public could see that it wasn’t all rainbows and Happy Meals at the Olympic Village.
The ban has been lifted and one of the fastest to take advantage, of course, was the Fastest Man in the World, Usain Bolt. As Ad Age points out, the above Gatorade ad he appears in explicitly notes that the company wasn’t an official sponsor, with a narrator saying, "We weren't there on stadium billboards. We weren't there on double-decker buses. We weren't on buttons, souvenirs or commemorative snow globes. We weren't there officially sponsoring anything. We were there for real -- inside the bodies of some of the greatest athletes on earth." While the voice rolls on, a mysterious figure wearing a hood walks the streets of London before being revealed to be Bolt. Continue reading...
Posted by Shirley Brady on January 13, 2012 11:51 AM
Why is Olympic gold medalist Usain Bolt pretending to be the Virgin Group chairman Richard Branson?
In a new cross-platform campaign, the world's fastest man has been tweaking Branson (and his beard) in a series of spots that popped up on YouTube via a Twitter hashtag #IAmRBranson, which Branson rebutted (after Bolt's avatar took over his Twitter feed) with tweets that he is indeed the real Branson.Continue reading...
Posted by Peter Feld on October 13, 2011 10:50 AM
It may be hard times ahead for England, along with the rest of Europe, but Virgin Media's new UK logo is bursting with British pride. The company, who worked with creative agency Start JudgeGill, will roll out the logo this weekend as part of a promotion with TiVo.
Posted by Shirley Brady on October 11, 2011 11:29 AM
Sir Richard Branson today announced that Virgin Atlantic is developing (in partnership with LanzaTech) a low-carbon aviation biofuel within three years. He describes Virgin's latest sustainability investment as a vital "building block" for cleaner aviation:Continue reading...
Posted by Stephanie Startz on September 29, 2009 09:05 AM
Vodafone is third telecom retailer in Britain to negotiate a deal with Apple to sell the iPhone, but misses the holiday rush. [Times of London
Meanwhile, O2 braces for a flood of departing customers. [Telegraph]
BNP Paribas has a change of heart and decides to reimburse French government €4.3 billion bailout advance. [Times of London]
UBS might sell Paine Webber to cut ties with the Swiss government and buy out of bad deal, to return to health within a year. [NY Times]
Barclays is in negotiations to purchase the banking division of Standard Life, in a deal valued between £200 to £300 million. [Times of London]
Pepsi furthers its investment in India, focusing on youth market. [Warc]
(More headlines: Virgin on the LSE, Verizon on MTV, Lucozade in China.)Continue reading...