J&T Group, a Czech-Slovak private equity company, is planning to sell the satellite TV channel Skylink, Czech newspaper E15 has reported, citing an unidentified person familiar with the matter. Several telecommunication companies including T-Mobile Czech already filed bids to purchase the channel, which could be valued at more than 1 billion koruna ($58 million), the […]
Rupert and James Murdoch dramatically changed their minds and dropped their resistance to appearing before the Media Select Committee next Tuesday. The Committee had taken the very unusual step of issuing a Parliamentary Summons. Meanwhile, on Friday morning after two weeks of support from the Murdochs, Rebekah Brooks, CEO News International has resigned. She said: “I […]
An investor consortium led by Criterion Capital Partners, together with financial funds and Hollywood investors, has bought SeeSaw.com, the UK on-demand TV service. Terms of the deal were not disclosed, but former owner Arqiva is retaining a 25 per cent stake in the video platform. SeeSaw’s new chairman will be Michael Jackson, who previously served […]
As MPs prepared to debate a motion calling on News Corp to reconsider its BSkyB bid, it does just that and pre-empts them. Chase Carey, Deputy Chairman, President and Chief Operating Officer at News Corp, commented: “We believed that the proposed acquisition of BSkyB by News Corporation would benefit both companies but it has become […]
Keith Rupert Murdoch has seen eighty summers, but few will have had interludes as hot and uncomfortable as this one. Not that he seems worried – snatched pictures show a grinning figure in a range of bizarre ‘Sod you, I’m an old man’ hats, as he’s chauffeured around London sweeping up after some of his […]
The Conservative party has announced it will now back Labour’s Commons Motion tomorrow that calls on News Corp to withdraw its BSkyB bid ‘in the public interest’. Many coalition partner LibDems had indicated they would vote for the motion and now it will be an official Government motion. Jeremy Hunt, the DCMS Secretary responsible for […]
News Corp has upped buy-back plans to $5 billion of stock over the next 12 months as the company tries to contain damage from the telephone hacking scandal in Britain that has sent its share price down up to 14 per cent since last Thursday. Shares rose over two per cent to on Tuesday as […]
Teleca, a supplier of solutions and services to the mobile and connected devices industries, has acquired Boston based Triple Play Integration (TPI). TPI offers strong capabilities around Adobe Flash and digital TV technologies. The company will spearhead Teleca’s consumer electronics activities and enable new growth in that domain. The acquisition strengthens Teleca’s ability to offer […]
Seeing the writing on the wall that a vote in Parliament on Wednesday was likely to block its bid for Sky, News Corp has ‘tried to take the politics out of the bid’ and has unilaterally withdrawn its negotiated commitments to spin-off Sky News and has accepted this will mean a referral to the Competition […]
Ofcom is likely to investigate News Corporation’s proposed bid for satellite broadcaster BSkyB . Pressure on the regulator has ramped up as more revelations on the News International phone hacking scandal have poured out. On Friday morning the Prime Minister said Ofcom should take account of ‘the new circumstances’, and Simon Hughes, Deputy Leader of […]