Media

Britain's commercial network, ITV has struck a deal to continue showing Formula One motor races until 2005.

Besieged Sydney Olympic organisers have axed a controversial hospitality ticket programme worth A$60 million (US$38 million) to appease angry sponsors concerned their exclusive sponsorships have been eroded by secret ticket sales.

Head of IMG, Mark McCormack, has discussed the future of his company in an interview with the UK's Sunday Business newspaper.

Yahoo! Inc, the leading global Internet media company, has signed a sponsorship agreement with the New York Yacht Club/Young America Challenge for America's Cup 2000, Young America.

NASCAR has completed negotiations on a contract that will showcase two Winston Cup Series races and two Busch Grand National Series events at Dover Downs International Speedway on The Nashville Network for the 2000 race season.

The two clubs who reach the European Cup Final next May will each receive up to 25,000 tickets for the match at the Stade de France in Paris, UEFA has announced.

Ascent Entertainment Group Inc. said late Monday that Liberty Media Group ended its merger agreement with Ascent, as the deal was conditional on the sale of Ascent's sports-related business, which has not yet gotten Denver City Council approval.

The NFL has launched its official Super Bowl site, Superbowl.com, with Miller Lite as its presenting sponsor.

Major League Baseball's Chicago White Sox and Internet venture Ignite Sports Media have agreed a multi-year Internet media rights licensing contract.

Hicks, Muse, Tate & Furst Inc has formed a strategic alliance with Spain's Telefonica S.A. in a deal worth about $4billion which should allow Hicks, Muse to further expand its cable television assets in Latin America.

Shareholders in English Premier League soccer club Newcastle United have approved its money-spinning partnership with cable company NTL.

NBC Quokka Ventures and MSNBC.com, America's number one news site, have signed a strategic partnership to distribute nbcolympics.com content to MSNBC.com users during the Olympic Games.

Both the BBC and its rival ? the commercial network ITV ? will broadcast live coverage of the England vs Germany clash at Euro 2000 this summer.

Advertisers of Super Bowl television coverage this year will pay, on average, more than $2 million for 30 seconds of time before an audience that Walt Disney Co.'s ABC network predicts will exceed 120 million, reports The Wall Street Journal.

Sports fans will not be able to access moving pictures on the Internet during the Sydney 2000 Games, with International Olympic Committee members seeking to protect the rights of their broadcast sponsors.

Romanian national coach Anghel Iordanescu has accused the country's soccer authorities of endangering the country's World Cup chances by denying him funds, facilities and competitive warm-up matches.

Princeton Video Image, Inc. the leader in electronic imaging, has announced the signing of an agreement with the Arizona Cardinals to use Princeton Video's proprietary L-VIS(TM) system during the 1998 NFL preseason.

THE High Court has ordered an insurance company to pay about $5 million to a ski-field operator in compensation for lost profits during Mt Ruapehu's 1995 and 1996 eruptions.