independent

Friday 18 April 2014

Media Bites

TV3 is mounting a campaign opposing the plans by UTV to launch a dedicated channel for the Republic. The broadcaster is seeking clarity from the BAI on what it claims is a loophole in the legislation that may allow UTV to be licensed here while escaping the obligations placed on TV3 and RTE.

Industry sources said TV3 is arguing that the proposed channel, UTV Ireland, should be regarded as an opt-out channel and be governed by the British regulator, which would give it a less prominent placing on satellite and cable company programming guides.

Takeover rumours circulating around Tullow Oil across the world's trading floors pushed shares in the exploration firm higher last week.

The company, founded by Aidan Heavey from Roscommon (pictured), saw shares rise to £9.09 on the back of speculation that BP and Norway's Statoil could be set to bid for the firm, which has a market capitalisation of €9.9bn.

An attempt by BP to block billions of dollars of what it said were bogus compensation claims related to the Deepwater Horizon Gulf oil spill has been rejected by a US court.

The company was seeking to overturn judicial approval of a settlement it agreed in 2012, claiming that a legal loophole had allowed thousands of businesses that were not affected by the disaster to claim "money they don't deserve".

Irish box-office takings have fallen by the biggest amount in 20 years, movie statistics body Rentrak says. The biggest Irish earner in 2013 was 'Despicable Me 2', which grossed €3.75m.

But several movies with massive money and marketing muscle behind them tanked - even Johnny Depp couldn't save 'The Lone Ranger', which took just €366,000 from Irish movie-goers and lost Disney around €70m overall.

Angela Merkel's recently departed chief-of-staff Ronald Pofalla may be heading to German national railway Deutsche Bahn, Germany's partly government-held national railway.

This has sparked calls for a ban on government officials from moving to the private sector so quickly.

Irish Independent

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