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I'm the Â鶹Éç's media correspondent and this is my brief selection of what's going on.

The Â鶹Éç has made an unreserved apology to Band Aid and its founder Bob Geldof for reports claiming that millions of pounds raised by the charity to fight famine in Ethiopia was spent on weapons. The an "industry source" as saying the Â鶹Éç "compounded their mistake by robustly defending the programme before a proper investigation."

The Band Aid Trustee and former Â鶹Éç chairman that the Â鶹Éç had taken far too long to admit it was wrong.

The Business Secretary Vince Cable has referred the News Corporation bid for 100% ownership of BSkyB to the media regulator Ofcom, reports the Â鶹Éç. News Corp formally applied to the European Commission on Wednesday to buy the 61% of the shares it doesn't own.

The business secretary's decision was .

The that the Â鶹Éç's director of Global News Peter Horrocks has told the Commons Foreign Affairs Committee that budget cuts to the World Service are likely to result in about 300 job losses and closures to some language services.

A strike by members of the National Union of Journalists tomorrow is expected to disrupt Â鶹Éç news programmes, including Radio 5 Live, Newsnight and the Â鶹Éç News Channel. The 48-hour strike has been called has been called in protest at the Â鶹Éç's proposed cuts to its pension scheme. The Martha Kearney and Nicky Campbell among those joining the action.

The face of a dispirited-looking Barack Obama can be seen on many front pages, as the Â鶹Éç's newspaper review shows. The Guardian sees "contrition, but little sign of compromise" from the White House, after the Democrats saw their worst mid-term defeat in 70 years. For the Daily Telegraph, Barack Obama is "the fallen idol".

Links in full

• Â鶹Éç | Â鶹Éç apology over Band Aid money reports
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• Â鶹Éç | News Corporation's bid for BSkyB faces probe
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• Â鶹Éç | Newspaper review

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