The BBC will concede half of its coverage of Formula One to Sky next year, as the Corporation continues to find areas where it can cut expenditure due to the flat licence fee. Read the full story

The overt revulsion to the latest astonishing phone hacking allegations, and a concerted Twitter campaign pressing companies to consider their relationships with the News of the World, has left the paper facing potentially serious financial concerns. Read the full story

Sky Sports has apparently decided not to invite Mike Summerbee on again as a matchday pundit after the former Manchester City player complained that the broadcaster is biased towards Manchester United, according to the Guardian. Read the full story

Cuts to services at the BBC appear to be inevitable, says outgoing BBC Trust chairman Sir Michael Lyons. Read the full story

Sky has hit its 10 million target for subscriptions, a month before the deadline that then-chief executive James Murdoch set in 2004. Read the full story

Rupert Murdoch’s British newspapers have come out in support of his BSkyB takeover bid after every other national news outlet signed a petition opposing the move. Read the full story

Sky is aiming to attract up to 200,000 subscribers to its 3D service by June 2011, reports Media Week. Read the full story

The National Union of Journalists and the Financial Times have added their voices to the campaign demanding that Rupert Murdoch’s plans to take full ownership of BSkyB be stopped. Read the full story