Chase Carey, News Corp’s COO, told analysts on its Q3 results conference call that BSkyB’s current price was “unrealistic” and “clearly troubling” and was simply too high for News Corp to consider. “There seems to be an unrealistically rosy view of the challenges Sky must now navigate going forward,” he said, listing pressures from rival […]
Global information management solutions provider SDL is buying Netherlands-headquartered Calamares, an internationally recognised cloud-based platform that allows enterprises to centrally compose, enrich, publish and distribute video and other rich-media assets. Calamares supports all media platforms, systems and devices – from the Web and mobile to Internet Protocol television (IPTV) and social media platforms. The gross […]
Formula 1 owners CVC Capital confirmed a ‘friendly approach’ from News Corp (reported on ATV on April 20th) was joined by Italian investment company EXOR, controlled by the Agnelli family – once main owners of Fiat – and where the CEO is John Elkann, chairman of Fiat. Fiat owns Ferrari, F1’s most successful team. It […]
Warner Bros Home Entertainment Group is to acquire Flixster, a movie discovery application company with over 25 million worldwide users per month. The acquisition also includes Rotten Tomatoes, a website devoted to film reviews, information and news. Under the terms of the deal, Flixster will continue to operate independently and will expand its services beyond […]
Optical transport solutions provider Aurora Networks has acquired digital headend solutions specilaist GoBackTV, as part of a planned expansion of its offering for cable operators. “GoBackTV fills expertise in evolving areas that represent timely opportunities for Aurora Networks to expand its technology in line with the needs of cable operators,” said Guy Sucharczuk, chairman, president […]
Incumbent Dutch telco Royal KPN NV (KPN) is to acquire Dutch cable MSO Caiway from its current shareholders, Rabo Bouwfonds’ Communication Infrastructure Fund (CIF) and Caiway’s management, for an undisclosed sum. Caiway provides television, broadband and telephony services in several municipalities in the Netherlands through the cable and fibre infrastructures of CIF and a number […]
On-demand TV solutions specialist Espial Group has revealed that its Board of Directors has initiated a process to review a range of potential strategic alternatives available to Espial for enhancing shareholder value. A Special Committee has been established to lead this process and has retained Morgan Keegan as its financial advisor to provide independent advice. […]
Viacom announced revenue was up 20 per cent to $3.27 billion, for the second quarter and net earnings reached $376 million, up from $245 million in the comparable period a year ago. Viacom’s TV networks did especially well as advertisers flocked to destination shows and the company was able to charge cable operators more for […]
The founders of YouTube have bought bookmarking service Delicious from Yahoo. Chad Hurley and Steve Chen will use Delicious as a key part of their next net venture, Avos A startup thought to be based around tools that help people navigate the vast amount of information generated by web sites and services. Delicious describes itself […]
The UK media market saw a healthy start to the year as Mergers and Acquisitions activity surged in the first quarter, according to leading financial and business advisors Grant Thornton UK LLP. The firm’s M&A tracker reveals that the number of announced deals across the media sector in Q1 doubled compared to the same time […]