Media

Shares in UK entertainment group, Wembley Plc, slumped by 13 percent this morning following reports of a US investigation into alleged "improper and illegal" payments by the company.

The £315million ($446.5m/EUR515.6m) deal between UK broadcaster ITV Digital and the Nationwide League could be renegotiated in a bid to ease costs at the loss-making pay-TV operation.

Shares in Wembley Plc, the leisure group which once owned Wembley Stadium, plummeted almost 13 percent following news that the district attorney of Rhode Island, US, is investigating allegations that the company tried to make 'improper and illegal' payments of millions of dollars to a lawyer.

The vice-president of the African Football Confederation (CAF) has claimed he was offered $100,000 (EUR116,000) to vote for Sepp Blatter in the 1998 FIFA election campaign, according to media reports.

All of the 64 games of this summer's World Cup in Japan and South Korea will be broadcast, even if German media giant Kirch fails to resolve its current debt problems, FIFA president Sepp Blatter has said.

Car manufacturer Ford has launched a new website for soccer fans - focused on the UEFA Champions League.

UK satellite broadcaster BSkyB will not release ratings or subscription details for its pay-per-view coverage of the Melbourne Grand Prix until at least five weeks after the event on March 3.

The latest television viewing figures for Formula One show an alarming drop - increasing pressure on cash-strapped German media giant Kirch.

Rebel car manufacturers have given their clearest indication yet that they will buy into Formula One and snap up some of the shares currently held by troubled German media firm Kirch.

The Barbarians rugby union club has appointed Sponsorship Bureau International (SBI) as its new commercial adviser for an undisclosed sum.

Representatives from Europe's top soccer clubs are set to converge on Madrid for SMi’s 7th annual European Football Finance conference.

The Games are over, but which athletes are set to win gold in the commercial marketplace?

The Yankees Entertainment and Sports (YES) network has secured its first major cable carriage agreement in the New York area after signing a distribution deal with Time Warner Cable.

US broadcaster NBC has stated that it has brought in around $75million (EUR85.66m) in advertising revenue profit from its coverage of the Winter Olympic Games in Salt Lake City.

Leo Kirch, head of the ailing Kirch Group, believes that Rupert Murdoch is set to bid for Premiere World, the Pay-TV arm of his debt-laden media empire.

World Wrestling Federation Entertainment has revealed a sustained drop in revenue and profits in its third quarter financial results for the period ending January 25.