Two Sun Journalists Arrested
Fifty people have now been arrested in Scotland Yard’s ongoing investigation into allegations of inappropriate payments to public officials. Two journalists from News Corp. tabloid The Sun were detained this morning as was a police officer. The arrests were the result of information provided by News Corp.’s Management Standards Committee, the Metropolitan Police said. They relate to suspected payments to a public official and suspected disclosure of confidential information by a police officer.
New BBC Chief To Boost News Women, Keep Lid On Salaries
George Entwistle is making headlines in the UK during his first week as the BBC’s new director general. He said he would install more female news presenters in an interview with Radio 4. Male TV hosts have nothing to fear, he said, as he wouldn’t “remedy one inequity by indulging in another, turfing out a whole load of blokes who might be doing their job brilliantly with a view to getting women in.” Regardless, nobody should be looking for a star salary. The BBC has been in a period of austerity since its revenues were cut sharply through 2016 due to a freeze on the TV license fees that help support it. Entwistle told Radio Times the network will not “bankrupt” itself to hold onto to big names.
CVC Asia Pacific Chief Quits Amid Nine Entertainment Debt Crisis
Adrian MacKenzie has quit as managing partner of CVC Asia Pacific as the private equity firm faces the prospect of losing most if not all its $A1.9B ($2B) equity investment in Nine Entertainment Co. MacKenzie engineered the purchase of Nine for $5.5B from James Packer in 2007. MacKenzie, who set up CVC’s Sydney-based operation 11 years ago, departs in December. Nine is striving to restructure $2.8B in senior debt and avoid going into receivership. U.S. hedge funds Apollo Group and Oaktree Capital, the biggest of the senior lenders, want to convert their debt into 100% equity, which would wipe out CVC’s investment. Goldman Sachs, which manages mezzanine funds that are owed $1B, put forward a counterproposal which would give the hedge funds 70% equity with 30% for the other lenders. In the latter scenario CVC could end up with a 5% stake. –Don Groves
‘Private Practice’ Talks Turkey
Merhaba Hayat, a Turkish version of medical drama Private Practice will launch Oct. 2 on the local Fox station. Medyapim and Disney are producing the show which has 23 episodes in production for Season 1. Featuring an all-star Turkish cast and filmed in Istanbul, the show will closely follow the format and storylines of the original, says Disney. Turkey already has a local version of Grey’s Anatomy, the series that spun off Private Practice six years ago. A local Desperate Housewives is in its second season. The Turkish format is the first local version of Private Practice outside the U.S.