Article Abstract:
BBC Resources, the largest directorate of the BBC, is set to be spun off as the first stage in the privatisation of large parts of the BBC's activities. The plan, which is said to have the support of BBC director-general John Birt, will certainly be controversial, especially in relation to the BBC's future role as a public service broadcaster. The facilities and studios controlled by BBC Resources produce sales of more than 700 million pounds sterling a year and employ around 9,000 people.
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Article Abstract:
News Corp, headed by Rupert Murdoch, is competing strongly with Sumner Redstone's Viacom and Ted Turner's Turner Entertainments for global dominance of television broadcasting. All three companies now have a strong distribution network, each has secured programming and each owns or uses cable and satellite vehicles. They are hoping to benefit from the deregulation of broadcasting and from the continued expansion of the market.
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Fininvest is thought to be considering an offer from Rupert Murdoch's News Corp for a controlling stake in the operations controlled by Italian media magnate Silvio Berlusconi. The stake is worth $4.6 billion, according to Fininvest, but News Corp is thought more likely to bid around $2.8 billion. News Corp is seeking to purchase 51% of three national television networks and television advertising concern Publitalia.
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