BizAisa: UMP Movies shuts down operations in UK

News from BizAisa:

UMP Movies has closed down in the UK, ending its broadcasting operations in this territory completely.

Digital Spy Forum: Sony to launch True Christmas from Friday

DS Forum is reporting that True Movies will become True Christmas from Friday.

Bizasia: Rishtey Cineplex to launch on Freeview - but not Virgin Media UK for now

Bizasia is reporting that Rishtey Cineplex will be available on Sky and Freeview (Hope to be on Freeview by 2017).

Movies 24 to become Christmas 24 on November 1st

Movies 24 will become Christmas 24 from November 1st.

With Movies 24 broadcasting two Christmas movies per day every weekend in October.

Local TV Channels in Scotland to become STV2 in 2017

Story from STV:

STV News Tonight, a landmark new service for Scotland, will bring together for the first time all the news coverage relevant to Scottish viewers in a single weeknight programme.

Babenation launches on Virgin Media UK

Babenation has today appeared on Virgin UK Channel 981*.

Sky Sports: Sky Sports Ryder Cup channel to offer complete story at Hazeltine

Story from Sky Sports:

With Europe set to go head-to-head with the USA in the battle for The Ryder Cup, Sky Sports will bring 240 hours of coverage on a dedicated channel bringing viewers closer to one of the biggest events in sport.

Mobile Europe: Virgin Media heads outdoors with Arqiva Wi-Fi buy

Story from Mobile Europe:

Virgin Media is boosting its wireless network after signing a deal to take over Arqiva's Wi-Fi business.

F1 Takeover - BBC News; Liberty Media: Who are Formula 1's new owners?

Story from BBC News:

The acquisition by the US media conglomerate Liberty Media of the Formula 1 racing business for $4.4bn (£3.3bn) opens a new chapter for the motor sport.

F1 Takeover - Sky Sports: Liberty Media buys Formula 1 in £6bn deal

Story from Sky Sports:

US firm Liberty Media has bought Formula 1 in a £6bn deal, bosses have confirmed.

Sky News revealed last month that Liberty was on the verge of sealing the takeover of the sport.

CNBC: Why Liberty Media’s purchase of Formula 1 might not get the green light

Story from CNBC:

The $8.5 billion sale of motorsport franchise Formula 1 could be driven off track by an ownership conflict of interest, according to one industry expert.

U.S.-based Liberty Media, which already has stakes in several sports business including the Atlanta Braves baseball team, is in advanced talks to buy Formula 1's controlling stake from private equity firm CVC Capital Partners.

BBC Sport: Bernie Ecclestone: Formula 1 boss says 'to stay for three more years' after takeover

Story from BBC Sport:

Formula 1 boss Bernie Ecclestone says he has been asked to stay on for three years once a takeover of the sport is completed by Liberty Media.

The US-based company is in advanced talks to take control of Formula 1 in a deal reported to be worth $8.5bn (£6.5bn).

Daily Mail: Bernie Ecclestone offered role in Formula One after £6bn sale but he will no longer be the main man after 40 years at the top

Story from Daily Mail:

Bernie Ecclestone has been offered the chance to stay involved in Formula One management by the company who are planning a £6billion takeover of the sport.

The first part of the deal with American media giants, Liberty Global, is worth £600million and is widely expected to go through on Wednesday, with the rest due to be completed in the next six months.

Daily Mail: Meet John Malone of Liberty Global... the Darth Vader of Wall Street and the man who wants a slice of Formula One

Story from Daily Mail:

John Malone, the billionaire set to snap up Formula One, is known in the finance world as the Darth Vader of Wall Street due to his cut-throat antics.

The entrepreneur who built a fortune snapping up different cable television channels in America was born in 1941 in Milford, New England.

F1 Takeover - Advanced Television: F1 sale ‘a done deal’

News from Advanced Television:

The weekend’s Italian Formula One Grand Prix saw heightened speculation that Liberty Media’s planned acquisition of the sport was a ‘done deal’, with an announcement expected as early as Tuesday.

Sky News: Carey To Take F1 Helm As £6.1bn Liberty Takeover Nears Finish Line

Story from Sky News:

One of the media industry's top executives will be named as the new boss of Formula One (F1) motor racing early this week as a prelude to the sport's first change of ownership for more than a decade.

Virgin Media UK: Get comfy. Your Virgin TV pack just got better!

Story from Virgin Media UK:

We want to bring you the very best telly – just the way you want it. We’ve made lots of improvements so far – and there’s even more to look forward to.

Bizasia: Rishtey Cineplex to replace UMP Movies in UK

Bizasia did report the following on August 19th but Media Boy HQ found it on September 1st.