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PRESS DIGEST-Funds Industry News - Oct 5

LONDON, Oct 5 (Reuters) - Wall Street Journal

* Apollo Global Management is proposing a merger of its Core Media Group and Endemol, the TV production house behind "Big Brother".

Telegraph

* Private equity firms are set to take billions of pounds out of UK companies in a refinancing glut that has raised fears of a new credit bubble.

(Compiled by Laurence Fletcher)

((laurence.fletcher@thomsonreuters.com; +44(0)20 7542 7729; Reuters Messaging: laurence.fletcher.thomsonreuters.com@reuters.net))

Keywords: PRESS DIGEST FUNDS/