US communications giant AT&T has moved to protect itself from future problems of spectrum exhaust resulting from burgeoning demand for mobile broadband by acquiring rival mobile operator T-Mobile USA from Deutsche Telekom in a cash-and-stock deal currently valued at approximately $39 billion. The pair say the transaction enhances network capacity, output and quality in near […]
A slew of reports over the weekend suggest that any formal objections to the News Corp bid to buy the 61 per cent of BSkyB that it does not already own see little prospects of success. Any objections to the bid need to be submitted by midday March 21st. According to the Financial Times, the […]
The future of German cable MSO KBW – put up for sale by its Swedish private equity firm owner EQT – is in the balance as Liberty Global raises its bid to $4.5 billion in an effort to beat off CVC Capital Partners who are said to have tabled $4.17 billion. A third bid had […]
RTL Group and Modern Times Group have submitted bids for ProSiebenSat.1 Media AG’s units in Belgium and Scandinavia reports Bloomberg. RTL Group bid for assets in Belgium and Modern Times, Sweden’s largest private broadcaster, made an offer for the Scandinavian division. Meanwhile, Telegraaf Media Groep NV, which owns 12 percent of ProSiebenSat.1, is interested in […]
Two small shareholders in News Corp are suing the company for “paying for nepotism” in its $675 million deal to buy Rupert Murdoch’s daughter Elisabeth Murdoch’s production business Shine. Amalgamated Bank of New York and the Central Laborers Pension Fund filed a lawsuit in a Delaware court alleging that the deal was a case of […]
French press is speculating a deal might be back on for Vivendi to buy out Lagardère’s 20 per cent of Canal + after Lagardère postponed indefinitely its IPO of the stake. Lagardère said market volatility stemming from events in Japan meant the timing wasn’t right but analysts in Paris were convinced talks were back under […]
Encompass Digital Media, a digital media services provider, has announced the completion of the purchase of Ascent Media’s global content distribution business. This transaction includes broadcast facilities in the US (including the New York metro area, Minnesota and Burbank), London and Singapore. Encompass enhances its presence in the global marketplace serving major television networks, cable […]
Encompass Digital Media, a digital media services provider, has announced the completion of the purchase of Ascent Media Corporation’s global content distribution business. This transaction includes broadcast facilities in the US (including the New York metro area, Minnesota and Burbank), London and Singapore. Encompass enhances its presence in the global marketplace serving major television networks, […]
An alliance of UK media groups has further criticised the UK government’s decision not to refer News Corp’s attempt to purchase the 61 per cent of BSkyB it does not already own. BT, Guardian Media Group, Associated Newspapers, Trinity Mirror , Northcliffe Media and Telegraph Media Group are sending a letter to all British MPs […]
Two of the largest radio station operators in the US are to combine, with Cumulus Media agreeing to buy Citadel Broadcasting for $2.5 billion. The deal will bring together almost 600 radio stations in 120 markets across the country, giving Cumulus a presence in eight of the top 10 markets. Cumulus chief executive Lew Dickey […]