The proposal has been officially submitted as part of Ofcom’s 86-page report to the culture secretary, Jeremy Hunt. Photograph: Dominic Lipinski/PA ITV has proposed cutting back on its regional news programming as part of its submission to Ofcom on the renewal of its broadcasting licences from 2015.The proposal has been officially submitted as part of Ofcom's 86-page report to the culture secretary, Jeremy Hunt, on the options available for renewing Channel 3 (ITV) and Channel 5 public service broadcasting licences, which expire at the end of 2014.The Ofcom report also asks Hunt to consider using the communications bill to look at issues including the highly contentious area of retransmission fees and rules to make sure internet service providers or IPTV companies do not overcharge for ... Continue reading →
Gina Rinehart is said to be on track to become the world's richest person 4:58pm UK, Wednesday May 23, 2012 Jonathan Samuels, Australia correspondent Australian mining magnate Gina Rinehart has become the world’s richest woman, and earns more than £1m an hour. According to Australian business magazine BRW, Ms Rinehart's personal wealth swelled last year to $29bn aus (£18bn). The magazine's 2012 Rich 200 list calculates that she has now overtaken Walmart heiress Christy Walton as the world's wealthiest female. Gina Rinehart, 58, an intensely private businesswoman, has made her money through Australia's mining boom providing iron ore and coal to emerging markets such as China. "If the demand for natural resources remains strong, additional multi-billion mines are almost inevitable," said BRW Rich List editor ... Continue reading →
The company paid top-flight consultants to weigh up 60 different names over five months, only to alight on “hibu”. It unveiled the new name as it chalked up £1.4bn losses and said "material uncertainty" could cast significant doubt on its future as a going concern. Shares in Yell crashed nearly a quarter to 2.41p yesterday, down from 11p in July last year. Mike Pocock, chief executive, said the company needed to find a new name because it was “viewed as a dinosaur”, but admitted that hibu was “just a word” with no real meaning. “Don’t read anything into it...It doesn’t have any pure meaning behind it,” he said. “It needed to be short, easy to pronounce and to sound edgy and innovative. It doesn’t mean ... Continue reading →
Shares In Facebook Continue To Fall To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 4:04pm UK, Tuesday May 22, 2012 Facebook shares have continued to fall on their third day, opening down by around 8% in early trading. The shares continued to drop below their debut price of $38 (£24), at one point reaching just over $31 (£19). It follows a fall of more than 13% on their second day of trading. The move in price has given rise to concerns over the value of the stock, which had its hotly-anticipated debut on the Nasdaq stock exchange on Friday. It has led to some speculation that its IPO (initial public offering) partner, ... Continue reading →
