Following the appearance before parliamentary committees of senior police officers and News Corporation staff, it was the turn of Prime Minister David Cameron to come under the scrutiny of the full House of Commons following a statement on the phone hacking scandal. In doing so, he refused to deny that he discussed the BSkyB bid […]
Spreadtrum Communications, a fabless semiconductor provider in China with advanced technology in both 2G and 3G wireless communications standards, announced that it has signed a definitive agreement to purchase Telegent Systems, a provider of semiconductor and software solutions for the reception of live, broadcast television on mobile phones. Spreadtrum does not expect significant impact to […]
Bloomberg is reporting that Eutelsat and AsiaSat are each talking with Malaysia’s Measat about taking possible stakes in Kuala Lumpur-based Measat. Sources told Bloomberg that some sort of partnership might result with access to Measat’s small fleet of four craft being a major goal. Measat’s aims are said to include help in developing and launching […]
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 […]