Neil Berkett, CEO at Virgin Media, will receive a massive $86.8 million pay-off to leave his job, according to a SEC statement filed by new owners Liberty Global on March 7th. Berkett’s leaving package is assembled from a cash and equity payment worth $19.6 million, while other share options as well as Berkett’s existing long-term […]
Executive Vice President and Chief Operating Officer Bernie Han has assumed increased leadership responsibilities at US pay TV provider DISH. Han will oversee all direct and indirect sales and distribution, in addition to his current responsibilities managing operations, information technologies, customer service, customer retention and corporate initiatives. Dave Shull, who has overseen DISH’s programming and […]
Bharti Airtel is selling part of its India DTH business according to local reports. The move, if confirmed, could be the first stage of a long-expected period of consolidation amongst India’s huge, but debt-laden, DTH businesses. Singapore Telecom owns one-third of Bharti which is a India’s largest cellular operator. Bharti Airtel is said to be […]
Georgette Schlick, CEO of Dutch broadcasting company SBS, is standing down after 15 months in the role. Schlick joined the company in October 2011 after the three SBS channels in the Netherlands – SBS6, Net 5 and Veronica – were bought out by Finnish firm Sanoma Media and Dutch production company Talpa. She will be […]
Websites that retransmit live TV online without permission from broadcasters are in breach of copyright, Europe’s highest court has ruled. The landmark ruling means that many sites showing live TV in the UK, including TVCatchup.com, must now obtain rights clearance from broadcasters. The case was brought by ITV, Channel 4 and Channel 5 against TVCatchup.com, […]
The Supervisory Board of Ziggo has revealed it intends to appoint René Obermann as the new CEO of Ziggo effective January 2014. Obermann is currently CEO of Deutsche Telekom AG. This planned transition coincides with the retirement of the current CEO, Bernard Dijkhuizen in January 2014. Andy Sukawaty, Chairman of the Supervisory Board, commented: “We […]
Scripps Networks Interactive’s CEO, Kenneth Lowe, speaking at Deutsche Bank’s annual media and telecom conference in New York, said the broadcaster was extremely pleased with the way Travel Channel International, acquired in March 2012 for $103 million, is performing. Lowe said overall viewership would continue to rise in “high single digit, or low double-digit” this […]
Inmarsat posted a 20 per cent fall in full-year pretax profit after revenues dried up from the ill-fated LightSquared plan to create a new mobile network in the US. The company, which also provides services to aircraft and military and aid agencies, posted pretax profit of $294 million for 2012. Excluding the contribution from LightSquared […]
Innovid, the technology platform delivering immersive video advertising anywhere, announced that it raised $11 million in Series C funding. Existing investors Sequoia Capital, Genesis Partners, and T-Venture (Deutsche Telecom) participated in the round, with a new investment from Vintage Investment Partners. This announcement comes on the heels of a global leadership position in the agency […]
Murali Nemani, a highly-regarded strategist who has led key market initiatives for Cisco Systems and Alcatel-Lucent, has joined ActiveVideo Networks as senior vice president and chief marketing officer. Nemani will be responsible for positioning ActiveVideo’s CloudTV platform as the pivotal technology that can unify the development and delivery of consistent television interfaces in a fragmented, […]