Fox Corporation has acquired a one-third interest in Penske Entertainment, related to IndyCar and Indianapolis Motor Speedway. The move comes with the intention of having high-profile racing and entertainment events, prioritising quality digital content and having more promotion of the NTT IndyCar Series and its drivers. “This partnership is built on long-standing trust and a […]
North American pay-radio operator SiriusXM has reported $2.14 billion (€1.8bn) in Q2 revenue; a 2 per cent decrease compared to the same period in 2024. Net income for the quarter was $205 million. Subscribers grew by 68,000 (net) and a year-on-year improvement of 32,000. Total subscribers are about 33 million. “Our renewed strategic focus continued […]
Insight TV, the Amsterdam-based global channel group and FAST streaming specialist, has announced the asset acquisition of factual content company Off the Fence (OTF). The acquisition allows Insight TV to expand its capabilities in factual storytelling while maintaining OTF’s operations and brand identity. Key staff at OTF have been retained with select roles integrated […]
A previous plan to spin off joint venture Virgin Media O2’s fixed network in Britain has been scrapped, Telefonica’s Chief Executive Marc Murtra has confirmed speaking to Reuters. “The project is stopped,” Murtra said, clarifying that the “plan is not on pause”. Virgin Media O2, which is jointly owned by Liberty Global and Telefónica, had […]
MFE-MEDIAFOREUROPE has increased the offer consideration for its voluntary public takeover offer to the shareholders of ProSiebenSat.1 Media SE. According to the MFE announcement, the offer consideration will be increased from €4.48 in cash and a share component of 0.4 MFE-A shares per ProSiebenSat.1 share by 0.9 MFE-A shares to a share component of 1.3 […]
LG Display have reported their Q2 2025 financial results, a weak quarter for the industry, with revenue down 17 per cent from last year to 5.587 trillion Won (€3.4bn), but with earnings climbing to 890 billion Won – up from a 237 billion Won loss in the last quarter. However, this improvement was largely thanks […]
The FCC has approved Skydance’s $8 billion (€6.8bn) acquisition of Paramount Global and its subsidiaries, including the ultimate parent company of the CBS network of owned and operated broadcast television stations, by granting a series of applications that transfer FCC licences and authorisations. Chairman Carr said: “Americans no longer trust the legacy national news media […]
South Africa’s Competition Tribunal has approved Canal+’s takeover offer of African pay-TV provider MultiChoice. But there are conditions. The takeover, valued at 35 billion Rand (€1.7bn) can go ahead provided the Tribunal’s conditions are met. The conditions require Canal+ to guarantee public commitment proposals already agreed by both parties. The package also supports the participation […]
There’s no moral in this story because, of course, it is about television. For as long as it has been around there have been moral panics about TV, as in ‘does what it puts on screen erode the moral fibre of a nation?’ As the word panic implies, the answer is, generally, no. Nowadays even […]
ITV Studios has taken a majority stake in the leading Spanish scripted production company Plano a Plano. Founded in 2011 and run by owner and Producer César Benítez, Plano a Plano is known for the hit series Valeria, based on the novels by Elísabet Benavent ranked in Netflix’s Top 5 most-viewed international dramas globally, El Principe for Mediaset which has sold […]