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The consumer watchdog says it will review News Ltd's $1.97 billion bid to take full control of James Packer's Consolidated Media, which would allow its owner Rupert Murdoch to dominate Australia's pay TV industry.

News Ltd, the Australian arm of global media giant News Corp, has offered to take full control of Mr Packer's Cons Media, which is News' 50:50 joint owner of Fox Sports.

It would also increase News' stake in Foxtel from 25 to 50 per cent, making it a joint owner with Telstra.

But the takeover offer is subject to many conditions, most importantly Australian Competition and Consumer Commission (ACCC) approval.

An ACCC spokesman on Wednesday said the watchdog would review Mr Murdoch's bid and the decision would be made public.

'We will commence the review of the proposed acquisition and details of the review will be posted on the ACCC's public register,' he told AAP.

Meanwhile, Telstra said it would be happy to work with News Ltd as a joint owner of Foxtel and believed the move would be good for shareholders and customers.

'We've worked successfully with News as partners in Foxtel and we look forward to this partnership continuing to deliver value for Foxtel shareholders and a great pay TV experience for customers,' a Telstra spokeswoman told AAP.

Mr Packer, whose Consolidated Press Holdings (CPH) owns a controlling stake in Consolidated Media, has said he would support the News Ltd proposal.

'CPH welcomes News' proposal and looks forward to (Consolidated Media) and News working together to address the detailed terms and conditions,' Mr Packer said in a statement.

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ACCC to review News' Cons Media bid

SAN FRANCISCO, June 20, 2012 /PRNewswire/ -- UBM Electronics, the daily source of essential business and technical information for the design engineering and electronics industry's decision makers, today announced that Design News (DesignNews.com) is one of the '10 Great Media Web Sites' by BtoB's Media Business in the "Tech" category.

(Logo: http://photos.prnewswire.com/prnh/20120620/SF27817LOGO)

UBM Electronics re-launched the new Design News website in June 2011 in conjunction with UBM DeusM, the integrated marketing services arm of UBM.

For 65+ years, Design News has served as the premier technical resource for design engineers throughout the manufacturing sector. Design News is a community site for systems level design engineers, electromechanical engineers, and engineers of all disciplines. Its editorial focuses on how engineers apply technology in end applications through case studies, how-to content, end-user examples, and community generated content.

Rich Nass, Brand Director, Design News, said, "Design News has a rich history with the design engineering community. We've created a community site to serve the 21st century design engineer and help them to do their jobs better. This honor is a testament to the hard work of the site's redesign; Karen Field and Alexander Wolfe drove the content vision, and Chris Williams spearheaded the new technology platform. We've also been honored alongside many well-known brands in the media marketplace such as the Financial Times, Forbes, and The American Lawyer. Congratulations to the entire Design News team."

The website brings the audience into the conversation through moderated discussions, blogs, and social media, giving users equal share of voice with content experts. With a streamlined design, contextual navigation, and sponsored educational materials, Design News guides design engineers to the information they need, creating an opportunity for the community to collaborate, share ideas, and experiences. In addition, DesignNews.com delivers a full suite of multimedia content, including video and audio, and enables a deeper level of engagement by design engineers.

"The way our audiences are consuming media is changing, and we are evolving our offering to serve these changing demands. We worked with UBM Electronics to create an 'always on' globally accessible online design community that facilitates industry dialogue and drives technology sales. In addition to streamlined design, contextual navigation, and sponsored educational materials the site delivers a full suite of multimedia content including video and audio and enables a deeper level of engagement," added, Stephen Saunders, Managing Director, DeusM.

Design News' content is a unique combination of high-quality editorial, case studies, how-to articles, and user-generated content. The six main sections of the website cover the following topics of interest to design engineers:

Over the past year Design News has launched new features to entertain and educate its audience:

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UBM Electronics' Design News Named One of the "10 Great Media Websites" by BtoB's Media Business

DAYTON, Ohio, June 19, 2012 (GLOBE NEWSWIRE) -- MacAulay-Brown, Inc. (MacB), a leading engineering and technical services company supporting the U.S. Department of Defense (DoD) and Intelligence Community with over 2,000 employees worldwide, announced today that it has published a white paper entitled, "Command and Control (C2) Virtualization Capabilities." The paper addresses how virtualization technology can be used to bridge the gap created as the military moves from stove-piped legacy systems to an open architecture that increases interoperability and provides greater situational awareness to the warfighter.

On today's modern battlefield, planners and the warfighter must be able to quickly react to changing requirements. Unfortunately, the legacy systems in use now are unable to meet current and future mission requirements. The solution, as the Air Force Chief of Staff (CSAF) has determined, is to move to new systems based on open architectures to provide increased Situational Awareness. To ensure continuity of operations, the MacB white paper walks the reader through how virtualization - Cloud Computing, Software as a Service (SaaS), virtualized servers and data centers, etc. - is the quickest and easiest path to a modernized, SOA-based infrastructure.

"MacB has worked closely with the Air Force to leverage virtualization technology to increase Situational Awareness and to meet the current needs of the warfighter," said David Robinson, Systems Engineering and Operations Manager at MacB and recognized C2/Air Operations Center (AOC) subject matter expert. "As we addressed those immediate concerns, it became apparent that we could use the same techniques to provide data continuity and increased interoperability. Thus, solving one of the Air Forces' biggest concerns as it develops and deploys a significantly more modern network."

To better support the warfighter, the Air Force Chief of Staff (CSAF) is moving to a data centric Operational Support Facility (OSF) for increased interoperability and as a data continuity of operations location for Air Operation Centers (AOCs) worldwide. Currently, the AOC Weapon System (WS) Program Office has difficulty sustaining the AOC because legacy systems are unable to meet today's dynamic mission requirements.

To download a copy of Command and Control (C2) Virtualization Capabilities, please go to http://www.macb.com/2012/06/13/command-and-control-virtualization/.

ABOUT MACAULAY-BROWN, INC. (MacB)

Based in Dayton, Ohio and with locations throughout the U.S., MacB is owned by industry veterans Syd and Sharon Martin and is a leading engineering and technical services company serving the U.S. Defense, Intelligence, Civil and Homeland Security Communities with over 2,000 employees worldwide. For over 30 years, customers have relied on MacB to provide a broad range of technology services, solutions and management support in the areas of Cybersecurity, Information Operations/Warfare, Intelligence, Surveillance and Reconnaissance, Electronic Combat Systems, C4I Systems, Threat Exploitation, Test and Evaluation, Information Technology Solutions, Systems Engineering and Integration and Technical and Acquisition Management Support. For additional information about MacB, please visit http://www.macb.com.

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MacAulay-Brown Thought Leader Publishes White Paper on Command and Control Virtualization Capabilities

Rupert Murdoch has made a $1.97 billion bid to take a dominant slice of Australia's pay television industry.

News Ltd, the Australian arm of global media giant News Corp, has offered to take full control of James Packer's Consolidated Media, News' 50:50 joint owner of Fox Sports.

The takeover would also increase News' stake in Foxtel from 25 per cent to 50 per cent, making it a joint owner with Telstra.

Mr Packer, whose Consolidated Press Holdings (CPH) owns a controlling stake in Cons Media, said he would support the proposal.

"CPH welcomes News' proposal and looks forward to (Cons Media) and News working together to address the detailed terms and conditions," Mr Packer said in a statement.

News has offered $3.50 for each Cons Media share, valuing the company at $1.966 billion.

The offer remains subject to many conditions, most notably approval from the Australian Competition and Consumer Commission.

The News Corp board must also approve the deal.

The offer is indicative and there is no guarantee a deal will be done, News said.

Shares in News Corp and Consolidated Media are due to resume trading at 1100 AEST.

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Murdoch makes $2b pay TV play

CALGARY , June 18, 2012 /CNW/ - Dr. Brad Thompson , President and CEO of Oncolytics Biotech Inc. (TSX: ONC, NASDAQ:ONCY), will present a corporate overview of the Company at the Bloom Burton & Co. Healthcare Investor Conference on June 21 st, 2012 at 10:30 am ET . The Conference is being held at the Toronto Board of Trade, 1 First Canadian Place, Toronto , Ontario on June 21 st between 8:30 am and 4:30 pm ET .

The Bloom Burton & Co. Healthcare Investor Conference brings together U.S., Canadian and European investors who are interested in the latest developments in the Canadian healthcare sector. Attendees will have an opportunity to obtain corporate updates from the premier Canadian public and private companies through presentations and break-out Q&A sessions.

About Bloom Burton & Co. Bloom Burton & Co. is Canada's largest and most active healthcare-specialized investment banking group. The team of healthcare specialists merges scientific, medical, clinical, intellectual property and commercial expertise with a strong understanding of the capital markets, to advise and raise capital for private and public companies. For more information, please visit http://www.bloomburton.com.

About Oncolytics Biotech Inc. Oncolytics is a Calgary-based biotechnology company focused on the development of oncolytic viruses as potential cancer therapeutics. Oncolytics' clinical program includes a variety of human trials including a Phase III trial in head and neck cancers using REOLYSIN, its proprietary formulation of the human reovirus. For further information about Oncolytics, please visit: http://www.oncolyticsbiotech.com.

This release and the presentation related thereto contain forward-looking statements which involve known and unknown risks, delays, uncertainties and other factors not under the Company's control and which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. Such risks and uncertainties include, among others, the efficacy of REOLYSIN as a cancer treatment, the success and timely completion of clinical studies and trials, uncertainties related to the research and development of pharmaceuticals and uncertainties related to the regulatory process. Investors should consult the Company's quarterly and annual filings with the Canadian and U.S. securities commissions for additional information on risks and uncertainties relating to the forward-looking statements. Investors are cautioned against placing undue reliance on forward-looking statements. The Company does not undertake to update these forward-looking statements, except as required by applicable laws.

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Media Advisory - Oncolytics Biotech® Inc. to Present at Bloom Burton & Co. Healthcare Investor Conference