Venezuela’s Globovision will be sold immediately after the upcoming April 14th presidential elections. The channel had been opposed to the administration headed up by Hugo Chavez. The sale will be to Juan Domingo Cordero, a well-known entrepreneur but with no media experience. He is also said to be related to the former president. Unitel de […]
Chyron Corporation, a provider of graphics as a service for on-air and digital video applications, has signed a definitive agreement to acquire Hego AB and its subsidiaries (collectively, “Hego Group”), a leading provider of powerful graphics and data visualization solutions for TV and sports. Hego Group is a privately-held company with its headquarters in Stockholm, […]
Vipnet, Telekom Austria’s Croatian subsidiary, has acquired local satellite TV platform Digi TV, owned by Romania’s RCS&RDS, allowing it to expand its multi-play offering in the country. Digi TV will be integrated into Vipnet, and satellite TV will become a standard part of the service offering under the Vip brand. Digi TV is a leading […]
Mike Fries, CEO of Liberty Global, told Cable Congress that mobile services were the next landmark on the European expansion road map. Speaking to CNN’s Becky Anderson in the day’s set-piece interview, Fries said Liberty had taken a low key approach to mobile up to now, but not anymore. He said one of the attractions […]
Italy’s commercial TV channel La7 has been sold by Telecom Italia Media to media businessman and the owner of Torino Football Club, Urbano Cairo. According to a statement by Telecom Italia’s media arm, Cairo’s media and advertising group Cairo Communications shelled out €1 million for the broadcaster. Cairo said he would recapitalise the loss-making channel […]
Ed Vaizey, the UK minister for comms and the creative industries, used his address to Cable Congress to back Liberty Global’s takeover of Virgin Media, signalling it would get a green light from government. He said the planned takeover would be good news for increased investment in fast access and digital development. Vaizey noted the […]
News Corp has announced that its News Limited subsidiary will divest its 44 per cent stake in New Zealand pay-TV service SKY Network Television Limited. News Limited has appointed Deutsche Bank to underwrite and, together with Craigs Investment Partners, to manage, the sales of its SKY shares. It is expected that the shares will be […]
Sky has reached an agreement with Telefónica UK for the proposed acquisition of its O2 and BE consumer broadband and fixed-line telephony business. The transaction will make Sky the second-largest provider in the UK broadband market. Telefónica UK’s consumer broadband and fixed-line telephony customers, of which there are currently over half a million, will become […]
One day after its CEO confirmed its intention to become a full service provider, Vodafone has suspended plans to approach Kabel Deutschland according to reports. It seems not everyone is on board strategy-wise as Bloomberg reports that leaks about an approach to KDG has ‘complicated’ internal discussions. Kabel Deutschland fell as much as 5.4 percent […]
A mobile-device operating system that Hewlett-Packard once had high hopes for is set to get a second chance at LG Electronics. LG will acquire the system, known as webOS, and some of the employees who work on it from HP for an undisclosed amount. LG plans to use webOS in televisions, confirmed Skott Ahn, LG […]