The Tesco Wine Festival began earlier this week, with more than 50 critically acclaimed wines reduced by 50 per cent. Unfortunately, I remain somewhat unenlightened on the subject of wine so, while I may be unable to recommend a bottle, Tesco suggests picking up one of its wines of the week: Blason de Bourgogne Montagny Vielles, now £42.66 per case, Castillo de San Lorenzo Rioja Reserva, now £28.44 per case and Blaxland Estate Shiraz, for £22.80 per case.

Channel 5 has rejoined Project Canvas just a month after walking away, as the broadcaster's new owner, Richard Desmond, said the venture would shape the future of TV.

Books: I've just started reading 'The Black Hand' by Chris Blatchford. It's a biography of a guy who dissented from the Mexican Mafia. Reading it you can tell he was super-intelligent and could have had a very different life. I've also been reading Freddie Foreman's autobiography. He was one of England's biggest criminals, bigger than the Kray twins, but he didn't do the press. I've known him for 15 years – he's a good friend of mine, and it's always interesting reading about someone you know.

Balfour Beatty; Grainger

Virgin Media has called on Ofcom to investigate Project Canvas, a joint venture that is preparing to bring internet television into living rooms next spring, saying it will "significantly and irreparably harm competition".

Virgin Media posted the strongest revenue growth in a quarter since it was formed, and launched a share buyback.

The previous Labour government's ambition to bring broadband to every household in Britain by 2012 was dashed yesterday when the coalition pushed back the date by three years, blaming a lack of funds.

V Festival, sponsored by Virgin Media, adds to its world class line-up this year with a host of acts set to play the Virgin Media Union arena over the 21st and 22nd August

Project Canvas, the venture designed to bring internet TV to the living room, is likely to launch next spring after it was approved by the BBC Trust.

Katie Price is to quit ITV after signing a new exclusive deal with the Living TV channels, it was announced today.

The Chancellor hammered the final nail into the coffin of Labour's controversial "telephone tax" and will look to incentivise private companies and use licence fee money to expand Britain's superfast broadband network.

Penalties for phone users who leave their landline contract early are to be slashed, Ofcom announced today.

British Sky Broadcasting has agreed to pay its arch-rival Virgin Media £160m for a clutch of television channels in a deal that will be seen as further evidence of a rapprochement in the bitter row between the two companies over access to content.

Satellite broadcaster BSkyB today acquired television channels Living and Bravo as part of a £160 million deal with rival Virgin Media.