Sirius XM is weighing up a refinancing offer from Liberty Media ahead of today’s deadline to repay $175m in bonds to EchoStar which was using the debt’s leverage in an attempt to take over the US satellite radio company. Liberty Media is offering a senior secured loan that will allow the bonds to be redeemed. […]

The European Commission is set to delay proposals to tackle online piracy until the end of its current mandate, following heavy pressure from telecoms companies and consumer organisations. Lobbies from the music sector and the wider online content production industry have been pushing for a range of initiatives to reduce Internet piracy in Europe. Brussels […]

ITV is understood to have put the social networking website Friends Reunited up for sale as it faces a cash crisis amid plunging revenue. ITV snapped up Friends Reunited in 2005, before Grade arrived, in a £120m (E134m) deal. Under the terms of the deal, ITV was to pay a further £55m this year and […]

John Malone's Liberty Media has offered $250m in a senior secured loan as the first step in a "multi-stage" deal to rescue Sirius XM ahead of an imminent debt deadline, the companies said in a statement. The deal offered by Liberty involves a debt for equity swap and leaves Liberty, which controls DirecTV with a […]

Discovery Communications UK has lost its ad chief, Andrew Grieve, just weeks after the departure of its managing director Dan Brooke Grieve’s departure date is being negotiated, although he is due to start a new job at pay-TV broadcaster the Travel Channel, where he will head commercial activity, on 16 March. Previously, Grieve worked for […]

YouTube has appointed ITV director of viewer marketing Anna Bateson as its European marketing director. She will join the video-sharing site in May to grow the YouTube brand across Europe, as well as develop commercial opportunities Bateson – who joined ITV in 2006 having previously been VP of marketing at MTV- arrives at YouTube a […]

Comcast Corporation, America's largest cable TV provider, said that its fourth-quarter earnings fell 32 percent, hit by a $600 million write-down of its investment in the Clearwire Corporation, the wireless technology provider. Comcast's revenue and adjusted earnings were ahead of estimates, however, helped by growth in Comcast's video segment. In the fourth quarter Comcast earned […]

Turkey's biggest media group has fallen foul of the authorities incurring a $408m tax fine at a time when its advertising revenues are set to weaken and its parent company wants to use its cash to expand in other sectors. Dogan Yayin, which owns TV channels and daily newspapers disclosed the fine, which is bigger […]

Charter Communications said it had reached an agreement in principle with a debt holders committee on terms of a financial restructuring, to be done under Chapter 11 bankruptcy protection, to reduce Charter's debt by about $8 billion. The cable operator, controlled by Microsoft's co-founder, Paul Allen, said in a statement it would file for Chapter […]

Canal+ has filed a complaint with French antitrust authorities against France Telecom’s Orange, accusing the carrier of unfair competition in bundling its Internet, telephone and other services to attract customers. The complaint, filed with France’s Autorite de la Competition, accuses Orange of taking advantage of its control over the broadband market by tying its cable […]