The FT in Germany has reported that the UK’s Star Capital is looking to bid for German cable operator Tele Columbus. Star already owns German cable operator Pepcom and is said to be in negotiations to buy Tele Columbus. Tele Columbus serves 2.1 million households in eastern Germany, North Rhine-Westphalia and Hesse. Pepcom has about […]
News Corporation took a 22 per cent hit to its quarter profits on the losses caused by the sale of MySpace. The effect of the closure of the News of the World won’t be seen until the next reporting period but, as today’s numbers make clear, newspapers don’t make a significant contribution to the whole. […]
US satellite TV provider DirecTV reported second-quarter net income up 29 per cent, beating expectations, as it added 472,000 net new subscribers in Latin America. US subscriber growth was below forecasts at 26,000 – but the new additions were still enough to push the company beyond the milestone of 30 million subscribers. DirecTV reported earnings […]
German cable network operator Tele Columbus has found several investors to acquire the company, according to German press agency dpa. The operator is the hands of more than 100 international creditors that acquired the company by dropping several hundreds of millions euros in debt during 2010. In the beginning of this year, they took the […]
Satellite communications company Loral Space & Communications has provided an update on the previously announced initiatives to explore strategic alternatives for Telesat and Space Systems/Loral (SS/L). According to a company statement, in 2010, Telesat initiated a process to explore strategic alternatives. Among other initiatives, potential purchasers participated in a process to explore a potential acquisition […]
The strategic acquisition of the leading provider of innovative FM/RDS and DVB-S/S2 solutions strengthens the Wilhelm Sihn Jr. GmbH & Co. KG (WISI) has announced the take-over of 2wCom. Since more than two decades 2wCom has been a worldwide established manufacturer and supplier of professional broadcasting products in the field of DVB-S/S2, DVB-T, FM, RDS-TMC […]
Multi-platform media management technology and creative solutions specialist Red Bee Media is to acquire TV Genius, a software company that specialises in cloud-based content discovery across the Internet, TV and connected devices. The strategic acquisition will blend Red Bee Media’s rich metadata services with TV Genius’s content discovery technology to bring a synchronised viewer experience […]
As it reported a big increase in its first-half net profit, Australian regional pay-TV provider Austar remains confident that the proposed merger with Foxtel will go ahead, despite the recent concerns raised by the Australian Competition and Consumer Commission (ACCC). Austar chief executive John Porter indicated the transaction was expected to be completed either late […]
Amazon has confirmed the acquisition of Pushbutton, the UK-based TV technology company. Pushbutton develops apps for next-generation and interactive television and connected devices, and was responsible for developing the LOVEFiLM movie streaming service on Sony Bravia Internet-enabled TVs and the PlayStation 3 last year. The e-commerce giant, which bought the remainder of LOVEFiLM in January […]
Liberty Global president and chief executive Mike Fries has criticised the Australian Competition and Consumer Commission (ACCC) over its preliminary view that Foxtel’s proposed A$1.9 billion acquisition of regional pay-TV group Austar is anti-competitive Fries, who is also Chairman of Austar, noted that Australia is the only market that does not consider pay and free-to-air […]