Nick Bell News
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Mergers and acquisitions lawyer Wesley R. Johnson Jr. was named partner-in-charge of Jones Day’s New York office. Johnson succeeds Willis Goldsmith, who led Jones Day in New York since January 2008. Goldsmith will continue his practice advising clients on labor and employment matters as a partner in New York.
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DLA Piper LLP and Allen & Overy LLP are among international law firms moving jobs to cheaper locations or cutting positions to reduce costs.
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British Sky Broadcasting Plc, the U.K.’s biggest pay-television provider, said high-definition subscriber additions increased 76 percent in the last quarter after it cut installation prices.
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British Sky Broadcasting Group Plc , which rejected a bid by Rupert Murdoch ’s News Corp. for full ownership in June, said fiscal third-quarter operating profit rose 5.2 percent as the pay-TV company added more clients.
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Rupert Murdoch ’s bid for the rest of British Sky Broadcasting Group Plc has become $700 million more expensive after the pound’s 6 percent gain against the dollar.
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British Sky Broadcasting Plc may have moved closer to a year-end target of 10 million subscribers last quarter, setting the company up for a strategy shift to sell more products to existing customers.
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News Corp., run by Rupert Murdoch , may need to split off or give up editorial control of its Sky News channel in order to buy British Sky Broadcasting Group Plc after the government yesterday gave it the chance to avoid a full-blown antitrust review.
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News Corp’ s bid for full ownership of British Sky Broadcasting Group Plc will be examined by U.K. Business Secretary Vince Cable on the “rule of law” despite the demands from other media companies to block the deal, BSkyB Chief Financial Officer Andrew Griffith said.
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