German commercial TV group, ProSiebenSat.1 Media is the latest to feel the effect of the sinking advertising market after it reported a 3 percent decrease in its revenues for the first half of the year.

NBA team the Seattle Sonics is to unveil a new team logo and strip next week in a bid to reflect the change in management and whip up support in the team – and has just signed a new exclusive TV deal.

Content provider TEAMtalk Media Group has extended its SMS subscription services by going trilingual.

England's Football Association is considering dropping its title sponsorship of the England team.

24dogs, the digital greyhound racing service owned by Wembley plc, has launched the Greyhound Racing SuperLeague after securing internet rights for 22 of the top 25 UK greyhound racetracks.

Championship Auto Racing Teams (CART) has finalised its broadcast rights deal with the CBS Television Network and Fox Cable Networks Group beginning with the 2002 season through 2004.

DISH Network, the U.S. direct broadcast satellite television entertainment company, is to offer the ESPN GamePlan college football package to customers on DISH On Demand.

Spanish soccer giant Real Madrid has hit back at claims it has defaulted on a transfer payment – saying it has all been a ‘misunderstanding’.

US broadcaster ESPN is to trial its fledgling broadband internet service after striking up a partnership with Comcast Corporation to offer broadband content to cable modem customers in the Philadelphia area during the X Games.

The US women’s soccer league is heading into the end of season play-offs for its inaugural season having exceeded attendance expectations, but it has fallen short in the television ratings.

London stock market-listed entertainment company Wembley has said the sale of Wembley complex is progressing and a shortlist of bidders has been drawn up.

Online sports technology provider, iSport UK and sports technology consultants, Play-Sport New Media are to merge their UK operations, has learned.

Media mogul Rupert Murdoch has defended the proposed merger of his News Corporation company with US satellite platform DirecTV, stating that such an alliance would provide a ‘healthy premium’ for shareholders and create ‘synergies that no other company can match’.

Spending on gambling is expected to rise by 21 percent in the five years between 1999 and 2004, according to a survey carried out by UK-based market research company Mintel.

A Chinese-led consortium has won the contract to build a new stadium in Hanoi, Vietnam, as the venue for the 2003 Southeast Asia Games.

Kirch, the owner of the television rights for Germany's premier soccer league, plans to offer a cheaper subscription rate to win more clients for its loss-making PremiereWorld pay-TV channel, a German magazine reported over the weekend.

The future of the beleaguered Wembley Stadium will be debated this week when trouble-shooter Patrick Carter releases his report on whether the national stadium should stay at its north London home.