Financial Times

GE chief signals appetite for media assets

Jeffrey Immelt has declared his interest in buying media assets in a sign that a slumping economy has not shaken General Electric's confidence in its television and film business, NBC Universal.

Chinese hack into White House network

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3

Chinese hackers have penetrated the White House computer network on multiple occasions, and obtained e-mails between government officials. The cyber attackers managed to penetrate the White House system for brief periods that allowed them to steal information before US government experts each time patched the system.

Ballmer rules out new Yahoo bid

Steve Ballmer, Microsoft's chief executive, on Friday said emphatically his company would not bid for Yahoo again, following comments by the embattled Internet company's chief executive which added to the belief that Yahoo was seeking a return to negotiations.

EU scales back telecoms regulation plan

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3.5

The European Commission on Friday scaled back its proposals for an EU telecoms authority, following objections by both the European Parliament and member states earlier this year. The telecoms reform package, first put forward last November, aims to create a single market across the 27-member European Union with improved rights for consumers and businesses.

Hurdles remain on Google's books deal

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2

A landmark settlement between Internet search group Google and publishers announced this week paves the way for a digital future for the book industry. Or does it? Casual readers, students and researchers now will have unprecedented means to search for and buy online access to books at public libraries and universities in the US.

Shock: Drudge loses his grip on US media!

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1

The decline of Drudge is part of a broader shift in the US media, both old and new, towards the Democratic party. Drudge's dominance has been undermined by competition.

Tribune considers purchase of local rival

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3

Tribune Company is considering whether it can buy the Orange County Register and fuse it with its flagship Los Angeles Times to consolidate the Los Angeles newspaper market, as owner Samuel Zell scrambles to find ways to save the debt-swamped newspaper company.

Europeans warned that 'Network neutrality' could raise broadband prices

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3

Broadband prices could rise by up to one-third if regulators in Europe insist on strict "net neutrality" rules that would block carriers from charging content providers premium prices to prioritize certain web traffic, a leading think-tank is set to warn.

Vodafone makes offer for Vodacom

Vodafone's strategy of seeking to boost growth by expanding its presence in emerging markets took a big step forward last night when it announced a $2.5bn offer for a controlling stake in Vodacom, South Africa's biggest mobile phone operator.

Silver lining for TV advertisers

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1

As experts on Tuesday predicted tougher times for UK advertising spending, Ofcom, the broadcasting regulator, offered some hope to the beleaguered sector. While Zenith Optimedia, in its quarterly projections of advertising budgets, predicted a global slowdown as economic times worsened, Ofcom said it would consider relaxing rules governing how many advertisements can be shown in peak time.

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