Media

A group led by Florida financier John Henry, which includes The New York Times, has bought the Boston Red Sox baseball franchise for a record price.

Betfair and Flutter.com have merged to create the UK’s largest internet betting exchange, which eliminates the bookmaker middleman and allows punters to bet directly with each other, to create £500million ($726.25m/EUR810.37m) of trading volume business.

Jaguar Investments has acquired the boxing production company Premier Sports Media and Entertainment.

Arena Football League team, the Orlando Predators has appointed Dave Berryman as president and chief operating officer.

Troubled US motor sport CART has named Chris Pook as its new president and CEO.

The financial woes currently circling around beleaguered UK media group NTL have led to the demise of the firm's plans to launch a new sports channel in conjunction with public broadcaster the BBC.

Soccer Australia should be in a position to implement a new strategic plan for the game in Australia within the next two months.

The Women's United Soccer Association (WUSA) has been granted a release from its four-year TV deal with US cable broadcaster Turner Sports after only one season and has signed a new agreement with Pax TV.

The Interpublic Group (IPG) is planning to merge its major sports and entertainment agencies, including Octagon sports marketing, into a single entity.

Media rights company Attheraces is taking over sponsorship of the UK's prestigious horse race, the Whitbread Gold Cup.

The FIFA executive will convene for an extraordinary meeting today to discuss the financial fallout from the collapse of its marketing partner ISL.

Octagon is courting the likes of Microsoft and Yahoo! as it looks to boost the online commercial potential of chess.

The Kirch Group is to change the trading names of the Kirch-owned sports marketing units, Prisma Sports & Media and CWL Telesport & Marketing, from January 1.

The National Hockey League has expanded its international reach by signing TV deals in a number of eastern European regions.

Premier League sponsor Barclaycard is teaming up with Fast Web Media to produce the official website of the FA Barclaycard Premiership.

Pan-Asian sports broadcaster ESPN Star Sports (ESS) has signed an agreement with Tai Chiang International Corporation (TCIC) to be the new distributor of ESPN and Star channels in Taiwan.