Terra Firma complete £250 million equity sale on EMI
Terra Firma is reportedly close to raising £250 million by selling 15% of EMI to other investors, with plans to exit in 2012 at around £9.4 billion.…
News Corp
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Jamba CEO resigns
Lucy Hood has resigned as CEO of Fox Mobile/Jamba, with COO Lee Fenton taking over in the short term.…
NewsCorp in talks with Yahoo! over MySpace deal
According to The Times, NewsCorp is in talks with Yahoo! over a deal that would give Yahoo! ownership of MySpace in return for a stake in Yahoo!, valuing MySpace at $10-11 billion.…
News Corp and NBC Universal plan YouTube rival
News Corp and NBC Universal plan an ad-funded video service combining full programmes with user uploads, to be partnered with MSN, AOL, Yahoo and MySpace.…
Universal may look for iPod royalty too
Universal Music chief Doug Morris says the company may seek a royalty on iPod sales when it renews its Apple contract, and expects to settle its MySpace lawsuit out of court.…
Universal sue MySpace
Universal Music Group has sued MySpace and its parent News Corp, claiming the site enables copyright infringement, which MySpace calls unnecessary and meritless.…
MySpace Japan expected this week
An announcement of a MySpace Japan launch is expected, reportedly a joint venture between News Corp and Tokyo ISP Softbank.…
News Corp buys 51% stake in Jamba
Murdoch's News Corp has bought a 51% stake in mobile content company Jamba, which owns the Crazy Frog brand, with observers expecting links to its TV assets.…
Viacom chief axed
Viacom chairman Sumner Redstone has removed CEO Tom Freston, who will be replaced by Philippe Dauman after the company's share price slumped.…
Warner Music Australia relaunches Mushroom Records
Warner Music Australia is relaunching Mushroom Records as an imprint for new Australian and New Zealand signings, starting with artists acquired in its takeover from News Corp.…
More MySpace functionality in the pipeline
According to the Wall Street Journal, MySpace is expected to add video downloads and better instant messaging and internet calling, as News Corp seeks to expand online.…
Warners Australia buy Festival Mushroom Records
Warner Music Australia has bought Festival Mushroom Records from News Corp, in a deal estimated at A$5-10 million pending competition clearance.…