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Business Articles

In other business news . . .

• Sun-Times Media Group said Wednesday it expects its stock to be suspended and delisted by the New York Stock Exchange for not meeting requirements for average price and market capitalization.

BUSINESS: CBS buys online news provider for $1.8B

NEW YORK — Media and entertainment company CBS Corp. is buying CNet Networks Inc., an online news and information provider, for $1.8 billion in cash in its latest bid to expand its reach on the Internet, the companies announced today.

HL:The Canadian Press Business News Budget Thursday, May 15, 2008@

BUSINESS EDITORS:@ Here are Canadian Press Business staffing plans as of 10 p.m. ET. Plans may change as circumstances warrant. To contact Canadian Press Business by e-mail, send messages to business(at)thecanadianpress.com.

'Independent' chief O'Reilly honoured in media awards

Sir Anthony O'Reilly, chief executive of Independent News & Media (INM), has been honoured as Media Person of the Year at the Cannes Lions International Advertising Festival, one of the most prestigious awards in the global communications industry.

Channel 4 reviews £20m media account

Channel 4 is reviewing its £20m media planning and buying account for the first time in the broadcaster’s 25 year history. It is understood to be looking to consolidate the business into one agency.