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Virgin, BSkyB shares jump after Reuters scoops on deal

Virgin, BSkyB shares jump after Reuters scoops on deal

Virgin Media shares opened up 16 percent and BSkyB jumped 7 percent and on Nov. 4 after Reuters broke news that the two sides had finally agreed on a channel carriage deal. Reuters was 14 minutes ahead of Bloomberg and a full 45 minutes ahead of Dow Jones with news that was covered by all media analysts and media the next day. The BBC also cited Reuters with the breaking story. A statement announcing the deal was released via the stock exchange over 30 minutes later.

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