Sky Deutschland has received a positive ruling from Germany’s tax authorities regarding its ability to preserve tax losses in the event of a change in shareholder structure of the group. The news might further open the door for Rupert Murdoch’s News Corp to increase its 49.9 per cent holding in Sky Deutschland, and perhaps lead […]
Last week, Liberty Media bought another 31 million shares (0.5 per cent) in Sirius-XM, taking its stake in the pay-radio broadcasters to 49.8 per cent. Liberty Media is awaiting Federal Communications Commission (FCC) regulatory approval to move beyond the 50 per cent threshold and take full control of Sirius-XM. The FCC is expected to make […]
The Spanish government has denied a news report that it agreed to sell a 20 per cent stake in local satellite operator Hispasat to Abertis Infraestructuras for about €200 million before the end of the year. The report, published in local financial daily Expansion, also said the government had decided to keep a 5 per […]
News Corp is reported to be close to acquiring a stake in the YES Network, the New York-based cable channel that broadcasts Yankees baseball and Nets basketball games, among other regional sports. Partly owned by the Yankees and available in more than 15 million homes, the YES Network — short for Yankees Entertainment and Sports […]
UTStarcom, a provider of broadband equipment and solutions, has acquired a significant minority stake in aioTV, a cloud-based video aggregation and distribution platform. The deal gives UTStarcom access to technology that will bolster its rollout of subscription-based value added media services, while giving aioTV a partner with whom to offer its technology in emerging markets […]
Larry Gerbrandt in Los Angeles raises the spectre of the unwelcome return of relative valuation Like a bad horror movie franchise, some valuation concepts seem to keep coming back for another sequel in hopes that this time they’ve got it right. I’m talking about the biggest financial sink-hole ever created: ‘relative valuation’. The technique rose […]
RRsat Global Communications has announced that its US subsidiary, RRsat America Global Communications Network (RRsat America) has acquired the assets and operations of SM2 Sports & Media Solutions, a US based premier provider of occasional-use international sports distribution and syndication services. SM2 works with many of the major international sports agencies and broadcasters around the […]
The Chernin Group, the media investor founded by Peter Chernin after he left News Corp in 2009, has paid $10 million for a 28 per cent stake in Base 79, a UK digital TV business that runs 550 channels on YouTube. Base 79 was founded in 2007 by Ashley MacKenzie, whose father, Kelvin MacKenzie, is […]
RRSAT ANNOUNCES ACQUISITION OF SM2 SPORTS & MEDIA SOLUTIONS RRsat Global Communications Network, a provider of comprehensive content management and global distribution services to the television and radio broadcasting industries, has announced that its U.S. subsidiary, RRsat America Global Communications Network Inc. (RRsat America) has acquired the assets and operations of SM2 Sports & Media […]
Akamai has confirmed it is to acquire Verivue in a cash transaction. The acquisition is expected to complement Akamai’s Aura Network Solutions and accelerate Akamai’s time to market in providing a comprehensive, licensed content delivery network (CDN) solution for network operators. “Verivue has done an impressive job of building a licensed content delivery infrastructure and […]