Media

London stock exchange-listed 365 Corp has reported a loss of £16.9 million ($23.9m) for the year ended 31 March 2001, under-performing by nearly £5m ($7.1m) on consensus forecasts.

Marcus Leaver, the chief executive of sports website Rivals.net and head of Chrysalis New Media, has put “on hold” his threat to “name and shame” those websites which have failed to conduct regular audits.

British Eurosport has secured the live rights to the England versus Greece UEFA Under-21 European Championship qualifier.

ANC Sports, the marketing and media company which supplies signage systems for sports venues has signed a $12 million deal with financial services company GE Capital.

The Indian cricket team have secured a record sponsorship contract for the next three years. The deal with the Sahara Group - which has interests in airlines and media - will guarantee the Indian cricket board 690m ($14.7m) to 720m ($15.3m) rupees.

Lawrence Wong, the chief executive of the Hong Kong Jockey Club, has called for betting duty to be scrapped in what he regards would be the “ultimate solution” to the severe competition coming from on-line gambling sites.

Sport featured strongly with US television audiences last month, making up 16 of the top 20 shows broadcast on US cable channels in May.

Betting duty could come back to the UK, just three months after the chancellor Gordon Brown said he would get rid of the nine per cent tax on gamblers to encourage bookmakers to close their tax-free betting operations overseas.

Gaming Insight, the parent company of Gobarkingmad, the live 24-hour greyhound racing digital television channel where punters can see a race every five to eight minutes, has signed a five-year deal with betting company Victor Chandler to provide 140,000 Chandler account holders with a direct link to www.gobarkingmad.com.

Kate Hoey, the UK’s sports minister, has denied reports that the department of culture, media and sport (DCMS) is to be broken up after Britain’s general election on Thursday.

Digital Sport, the international sports and media company which owns pan-European soccer news website onefootball.com, has bought sports agency Icon Management Solutions, in a cash and shares deal. The acquisition is part of Digital’s move to become a broad-based sports management and media group.

Vivendi Universal is considering selling its 22.74 per cent stake in BSkyB on the stock market, in a move that would seem certain to create a rift with Rupert Murdoch whose News Corporation holds a controlling 37.5 per cent shareholding in the UK satellite platform.

India's professional golf tour has no plans to hand the commercial rights for the coming season to a fresh bidder, the Indian Professional Golfers' Association (PGAI) said on Monday.

US software powerhouse Microsoft Corp takes aim at the couch potato market this week with the high-stakes launch of its top interactive TV product on a Portuguese cable network.

US broadcasters, Turner Network Television (TNT) and NBC have sold 11 of the title sponsorship entitlements for their joint coverage of the 20 NASCAR Winston Cup races.

The cost of servicing a debt of £4.5 billion ($6.3 billion) helped Telewest Communications, the UK’s second largest cable company after NTL, report a widening of losses to £209m ($294.4m) from £137m ($193m) for the three months to March 31.