Paris-based The Strategic Investment Fund, Eutelsat’s second largest shareholder with a 25 per cent stake, said yesterday that it had no intention to withdraw from the satellite operator. “The performance of the company and its future strategy does not lead us to consider disengagement,” said Thierry Sommelet, Director of Investment at SIF, talking to La […]
The lenders of German cable operator PrimaCom have confirmed that they have taken over the company in a debt-for-equity swap. In exchange for writing down PrimaCom’s loans, the lenders – including US-based hedge fund Tennenbaum Capital Partners, Avenue Capital Group and London-based Alcentra Group – will acquire all of the shares in holding company Medfort […]
Earlier this week it was India’s Dish TV that was making headlines with its plan to raise another $200 million of capital. Today it is another Subhash Chandra-linked operation, Zee News Ltd (ZNL) that is in the news. Zee News on Oct 27 reported that it had posted a net profit of 2.24 million Rupees […]
Subhash Chandra’s Dish TV pay-TV operation in India is to raise $200 million in order to fund expansion. Dish TV is India’s largest DTH broadcaster. Dish TV has already tabled a shareholder’s resolution agreeing to raising $200 million, although it subsequently saw $100 million of fresh investment coming in from US-based Apollo Management. Dish TV […]
The future of the BBC Trust appears to have been safeguarded by agreeing the new licence fee settlement agreed as part of the spending review. The Department for Culture, Media and Sport is expected to reveal more detail about the new settlement before the weekend, but it is being reported that it protects the Trust […]
Senior officials responsible for the post-2012 utilisation of the Press and Broadcast Centres at the Queen Elizabeth Olympic Park in London have confirmed their strong commitment to ensuring that the locations form part of a new centre for creative industries. Andrew Altman, Chief Executive of the Olympic Park Legacy Company (OPLC) said the body “was […]
The BBC has grabbed the chance to lock in the licence fee as part of horse trading in the UK government’s round of cuts. But it has paid a heavy price. The fee will be locked in at today’s rate of £145.50 (E167) for six years; a real terms cut of over 15%. It has […]
PeerTV, Ihe Internet TV service provider, has announced its intention to make an IPO on AIM. The Company is seeking to raise up to £6 million (E6.9m) gross in new equity capital to enable it to capitalise on the opportunities in the Internet TV market. PeerTV’s proprietary solutions enable TV service providers to deliver specific, […]
Video search platform Blinkx is mounting a share issue equivalent to 7.5 per cent of the company in order to try and raise at least £19.5 million (E27.4m). Blinkx says: “The Placing is being conducted to further strengthen blinkx’s balance sheet and to provide additional funding to support blinkx’s growth strategy.” Blinkx shares rallied recently […]
The UK Department for Education has pulled the plug on Teachers TV. Ten Alps, which co-owns the site with ITN, told the London stock exchange that the government is cancelling the £10 million (E11.5m) annual contract from April 2011 as part of the cuts. Ten Alps CEO Alex Connock, said: “The news came out of […]