US Industry Summary


BSkyB to unveil 'Sky Europe' deal on Friday

LONDON (Reuters) - Britain's pay-TV group BSkyB will on Friday unveil its multi-billion euro deal to buy Rupert Murdoch's assets in Italy and Germany, sealing a plan to create a pan-European giant with almost 20 million customers.

Liberty Global offers to sell pay TV channel for Ziggo deal: source

BRUSSELS (Reuters) - U.S. cable group Liberty Global has offered to sell its pay TV channel Film1 in an attempt to win EU antitrust approval for its proposed acquisition of Dutch rival Ziggo, a person familiar with the matter said on Thursday.

Tax credit shortfall costs California TV, movie production revenues

SAN FRANCISCO (Reuters) - A growing number of TV series and film crews have left California in search of tax credits elsewhere, causing $2 billion in revenue losses over the past four years to a state that is home to Hollywood and the U.S. production industry, a report said on Thursday.   

Pandora Media profit forecast below analysts' estimates, shares fall

(Reuters) - Pandora Media Inc forecast current quarter adjusted profit below analysts' estimates as it plans to plow money back into the business. The company's shares fell about 6 percent in extended trading.

Ex-Murdoch reporter escapes jail over UK phone-hacking crimes

LONDON (Reuters) - A former tabloid reporter who admitted hacking hundreds of phones to find stories for two Sunday newspapers was spared jail on Thursday for helping secure the conviction of Prime Minister David Cameron's ex-media chief Andy Coulson.

Radio station operator Townsquare Media shares fall in market debut

(Reuters) - Shares of radio station operator Townsquare Media LLC fell as much as 7 percent in their market debut, valuing the company at about $172 million.

Daily Mail publisher's underlying revenue up 3 percent in third quarter

LONDON (Reuters) - Daily Mail and General Trust, the publisher of the Daily Mail tabloid and Mail Online website, said underlying revenue grew 3 percent in the third quarter after a strong performance from its events and business information units.

Carey pressured from both sides of Fox Time Warner deal to stay in job

LOS ANGELES/NEW YORK (Reuters) - Chase Carey, Twenty-First Century Fox's president and chief operating officer, may be feeling pressure to stay in his job for several more years both from his boss, Rupert Murdoch, and from the company Murdoch is trying to buy, Time Warner Inc.

U.S. to Internet providers: We are watching your speed promises

U.S. communications regulators on Wednesday reminded Internet service providers to promise consumers only the speed and quality of service that they actually deliver, or face penalties.

House passes satellite TV law reauthorization bill

The House of Representatives on Tuesday voted to reauthorize a law allowing satellite providers such as Dish Network Corp and DirecTV to bring in TV signals from other markets when subscribers cannot pick up local stations.

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