SportBusiness Staff

Shareholders in KirchMedia have voted to convert the Kirch Group's media unit into a limited liability stock company as the first step towards its proposed merger with ProSiebenSat.1 Media AG.

The Women's Tennis Association (WTA) is losing its second largest sponsor, according to reports in the US.

Attheraces, the horse racing media rights company run by BSkyB, Channel 4 and Arena Leisure, has launched its interactive website.

The American Senior Golf Association (ASGA) has signed a USD5million (EUR5.6m) two-year broadcast and radio rights agreement with Global Affiliated Broadcasters.

Six Nations chiefs are expected to decide tomorrow on a revised format for the competition.

Sportsworld Media Group has launched a Carribean Islands football academy which will give the stock market-listed company representation rights to players who go on to make professional careers.

China's state-run broadcaster China Central Television (CCTV) is the only bidder for the World Cup rights for the country following the withdrawal of a Hong Kong-based broadcasting distributor, according to reports.

Aramark Worldwide Corp, a supplier of food service companies to sports franchises, has raised USD690million (EUR774.5m) in its initial public offering, at the top of its expectation.

FIFA and the International Center for Sports Studies (CIES) in NeuchC"tel, Switzerland have launched the third edition of the highly successful International Masters in Management, Law and Humanities of Sport.

The Salt Lake City Olympics will be the most protected sporting event in history with ten times more spent on security than all of North America's professional sports leagues combined, said organising committee president Mitt Romney.