Acquisitions

Now that Rupert Murdoch succeeded in taking over the Walt Street Journal, it is considered to be a threat to Britain's business news sources, the Financial Times.The newspaper will now face a great competition from Murdoch's newest acquisition, in Asia and Europe. They want to explore TV deals to win or survive in the "business". According to Pearson's chief executive, Dame Marjorie Scardino, the FT has been in talks with a number of potential broadcasting partners."We are still talking to CNBC and others about whether they might be a good channel for us," she said. "We have kind of had a talk with everybody. We got very involved with CNBC because they are trying to beef up their business news just as we are trying to find new ways to deliver business news."She is very confident that the Financial Times will be able to compete with The Wall Street Journal, considering that the British newspaper is a worthy competitor.CNBC has an agreement with the Walt Street Journal to use it's journalist on air, but Murdoch owns his financial news cable channel, Fox Business, and analysts think he will withdraw from the deal, to use the reports for his own channel. That leaves open space for Financial Times, analysts considering this as being the obvious option."If there's one body that might be very much looking into the implications of this deal, it's CNBC," said Richard Hunter, head of U.K. equities at Hargreaves Lansdown Stockbrokers.

related story: http://www.iht.com/articles/ap/2007/08/01/business/EU-GEN-Britain-FT-vs.-WSJ.php?page=1

by Notme dfsfs for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models

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Edited by Miroslava Turnova

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