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Torin Douglas Torin Douglas | 08:30 UK time, Monday, 28 February 2011

I'm the ³ÉÈË¿ìÊÖ's media correspondent and this is my brief selection of what's going on in the industry.

The King's Speech has won four Oscars - best film, best director (Tom Hooper), best actor (Colin Firth) and best original screenplay (David Seidler), ³ÉÈË¿ìÊÖ News reports. Natalie Portman was named best actress and Christian Bale best supporting actor.

Colin Firth , which he recently guest-edited.

A ban on product placement has been lifted, allowing advertisers to pay for their goods to be seen on British TV. The first product will be a Nescafe coffee machine on ITV1's This Morning, the ³ÉÈË¿ìÊÖ says.

questions are being asked about Lord Patten's bid for the chairmanship of the ³ÉÈË¿ìÊÖ Trust after he ­admitted he would combine the role with five corporate jobs paying hundreds of thousands of pounds a year.

Lord Patten will launch a root-and-branch review of the ³ÉÈË¿ìÊÖ's governance structure, , after he was confirmed as the Government's choice to take over as the corporation's chairman in May.

six bidders are lining up to express interest in running the local TV network proposed by the Culture Secretary Jeremy Hunt. Initial submissions - with a 10-page business plan - are due in tomorrow. She says "community purists" fear it could become just another national channel, while others are sceptical of the plan's commercial viability.

Arianna Huffington has been accused of making a personal fortune from the labour of thousands of bloggers who write for no pay. She's sold the Huffington Post to AOL for $315m. America's Newspaper Guild, the journalists' union, says the website's business model has done great damage by not paying contributors and Huffington should invest some of her profit in paid journalism, .

Speculation about a Libya without Colonel Gaddafi dominates several papers, shows the ³ÉÈË¿ìÊÖ newspapers review.

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