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Virgin Media to slash 2,200 jobs

UK cable group Virgin Media said Tuesday that it planned to cut 2,200 UK jobs by 2012 as part of a sweeping restructure.

UK to clamp down on Internet piracy

Britain's leading online service providers are Thursday expected to join a government--backed scheme to tackle the illegal downloading of music and films, despite concerns it could curb the freedoms of Internet users.

Illegal music file-sharers sent warning letters

Virgin Media stepped up its campaign to combat music piracy Thursday, when it issued letters to around 800 customers warning them against downloading illegal music files via file-sharing sites.

CNNMoney: Virgin Media CEO resigns

Virgin Media Chief Executive Steve Burch has resigned with immediate effect for family reasons, the group said on Tuesday, in the latest blow to the troubled British cable operator.

CNNMoney: Debt backlog slows Virgin Media sale

British cable operator Virgin Media on Tuesday postponed the sale of the company after it became apparent buyers would not have access to the debt needed to do a deal right away.

CNNMoney: Liberty considers Virgin Media bid

U.S. media mogul John Malone is considering entering a $23 billion auction for Virgin Media, joining several potential suitors for the British cable operator, sources familiar with the matter said Monday.

CNNMoney: Private equity shakeout looms

As the benign market conditions that have fueled the buyout boom come under pressure, the swelling ranks of private equity firms are likely to be winnowed, leaving only the strongest and sharpest players.

CNNMoney: Wall Street poised for gains

Stocks were poised for a positive start Monday, but if last week is any indication, investors are in for another session of volatile trading.

CNNMoney: Virgin Media confirms buyout offer

Virgin Media said Monday it has received a takeover offer, but the British cable company, whose largest investor is Richard Branson, declined to name the bidder and said it isn't negotiating about a possible buyout.

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