Market Chatter -- Corporate finance press digest

LONDON, March 16 (Reuters) - The following corporate finance-related stories were reported by media on Monday and over the weekend:

* Switzerland's biggest bank UBS (UBSN.VX) plans to cut up to 5,000 senior and management jobs in the next few weeks, Swiss weekly SonntagsZeitung said on Sunday. [ID:nLF77702]

* MGM Mirage (MGM.N), which has warned it could breach its credit agreements this year if the economy does not rebound, may break itself up to lure potential buyers as it races to raise the more than $1.5 billion it owes in bond payments and interest this year, The Wall Street Journal reported on Saturday. [ID:nN14465980]

* U.S.-based American Tower Corp (AMT.N) is set to acquire India's Xcel Telecom in a deal worth more than 7 billion rupees ($136 million), the Economic Times said, citing a person familiar with the transaction. [ID:nBOM469531]

* Norwegian media group Schibsted (SBST.OL) may sell some assets or look for a partner for its Classified Media unit as it seeks to raise fresh capital, its chief executive told the Aftenposten newspaper. [ID:nLG301842]

* Brit Insurance (BRE.L) made no comment on Sunday about a report claiming it had dropped plans for a 150 million pounds ($208 million) cash call due to market signs of a lack of investor enthusiasm. [ID:nLF149648]

* Doughty Hanson [DOUHA.UL] and Goldman Sachs (GS.N) have written off the value of their investments in Irish pay television broadcaster Setanta after it lost one of its deals to show live Premiership soccer, according to the Sunday Telegraph. [ID:nLF176860] (Compiled by Steve Slater; editing by Simon Jessop)