Premiere readies for a showdown

German pay TV giant Premiere has picked investment banks UniCredit and Morgan Stanley to represent its shareholders should News Corp. raise its stake above 30% and make a then-mandatory buyout offer for the firm, CEO Michael Boernicke told Dow Jones Newswires on Tuesday. He said he didn't know if and when the media conglomerate might make such a move.

FiOS in New York?

Verizon Communications is hoping to begin selling its FiOS video service in New York in about two months after obtaining the latest regulatory approval Tuesday from the city's Franchise and Concession Review Committee. Verizon next must get approval from the New York Public Service Commission, which analysts said is possible by July.

Vivendi, DIC pact

Vivendi Entertainment and children's media company DIC Entertainment said Tuesday that they are partnering to make DIC's programs available through online and mobile digital channels. The deal covers all forms of electronic transmission.

Network re-Fused

Cablevision Systems has reclassified its Fuse network from being part of its Rainbow Media unit to part of the Madison Square Garden segment.