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 […]
Veebeam has raised the first of a two-tranche, $6 million second funding round from Amadeus Capital Partners, Intel, Capital and Oak Investment Partners, Bay Partners, Formative Ventures, Khosla Ventures and Vision Capital. Veebeam’s $99/£99 system sends images from a computer, through a USB dongle, wirelessly to a receiver plugged in to the back of a […]
Sky Deutschland has just had another cash injection from News Corp which now controls almost 50 per cent of the pay-TV company, although Sky Deutschland is still seeking additional liquidity. News Corp says it will not absorb more than its current 49.9 per cent shareholding. Investment bankers Morgan Stanley, in a note to clients, say […]
Sezmi has raised $17.3 million more for its US national hybrid broadcast-broadband television distribution network, according to a regulatory filing. The company, which was founded in 2005 and previously had collected more than $75 million from investors, has so far rolled out to 36 metropolitan markets via outlets that include Amazon and BestBuy, following a […]
Germany‘s largest cable operator Kabel Deutschland (KDG) is looking to issue more shares. Bankers Morgan Stanley supports the move. Indeed, in a note to investors the bank says the cable giant has “robust prospects” and advises clients to stay ‘overweight’ given its forecast of a 16 per cent upside to its E31 a share target […]