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ENGLEWOOD/NEW YORK, May 17: Liberty Media Corporation has exchanged approximately 68.5 million shares of Time Warner common stock for the Atlanta Braves baseball team, Time Inc.'s Leisure Arts (a publisher of lifestyle interest "how-to" books) and $960 million in cash. …

UNIVERSAL CITY/WARSAW, May 16: Universal Pictures has reached a deal to launch its subscription-video-on-demand service PictureBox on ITI Neovision’s “n” platform in Poland this September. Poland is the second country to launch PictureBox, following the U.K.’s worldwide premiere of the …

PARIS, May 16: Vivendi Universal has delivered first-quarter revenues of 5 billion euros, a 5.3 percent gain on the previous year, with a net income of 771 million euros, a 22.8-percent improvement. Canal+ Group reported revenues of 1.1 billion euros, …

LONDON, May 16: Publisher Thomson Corp. has reached a deal to buy Reuters in a $17.2 billion deal to create the world’s leading provider of financial news and data. The deal is still pending regulatory clearance and shareholder approval, and …

NEW YORK, May 16: At Telemundo’s Upfront presentation at New York City’s Radio City Music Hall last night, the broadcaster’s president, Don Browne, conceded that the network’s ratings were not where he wanted them to be, but promised to grow …

NEW YORK, May 16: HBO, in conjunction with the interactive advertising agency Deep Focus, has teamed up with MySpace and other online video-sharing sites to make the pilot episode of its new prime-time comedy series Flight of the Conchords available …

PARIS, May 16: Lagardère  Active has merged two divisions— Lagardère Networks International (LNI) and Lagardère Images International (LII)—to form Lagardère Television International (LTI). Lagardère Networks International (LNI) manages the international distribution of branded thematic television channels of Lagardère Active, AB …

HONG KONG/TAIWAN, May 16: STAR has reached a deal with Hong Kong-based Artificial Life—a provider of mobile 3G technology, games and applications—to jointly develop and distribute mobile games and accessories across Asia that will be based on two popular youth …

LOS ANGELES, May 16: HBO will receive a Gold Nymph Award at the opening ceremony of the 47th annual Monte-Carlo Television Festival on Sunday, June 10, with HBO Films president Colin Callender accepting the award on the network’s behalf. “We …

LONDON, May 16: North One Television, part of the U.K.-based production group All3Media, has re-branded its integrated commercial production and digital distribution arm as N.ONE. The creation of N.ONE resulted from North One Television’s efforts to seek out new models …