Cox Communications is expected to command close to a billion dollars for the Travel Channel. The company is entertaining bids from a number of media companies, including the News Corporation and Scripps Networks and, reportedly, at least one of the offers exceeds $900 million. When Cox was first approached about a potential sale in June, […]
The Kudelski Group has issued a letter to OpenTV shareholders regarding the tender offer commenced by Kudelski in October valuing Open at $215 million. It states: "We firmly believe that our cash offer provides OpenTV shareholders immediate liquidity at a superior value to OpenTV's future prospects, particularly given the Company's current scale and R&D challenges […]
BSkyB has launched its High Court appeal against the Competition Commission ruling forcing it to reduce its 17.9 percent stake in free-to-air broadcaster ITV to below 7.5%. BSkyB’s counsel told the Court of Appeal it will dispute the scope and depth of the Competition Appeal Tribunal (where Sky already lost one appeal) review, and questioned […]
Virgin Media beat analysts’ forecasts for the third quarter, adding 8,100 net new cable TV households and boosting revenues by 1.3 per cent to £953 million (E1.06bn). The cable operator reported a year-on-year increase in operating cash flow of 6.8 per cent to £348 million for the quarter. Virgin Media added 37,000 customers to its […]
EQT V, a European private equity fund, has agreed to acquire Bulgaria's two leading cable TV operators, Eurocom and CableTel. EQT V intends to merge the two entities, invest into the new company together with CableTel's current shareholder, Ron Finley, and create a major player in the Bulgarian digital TV and broadband markets. EQT V […]
In a trading update ADB Group says: "The margins and profitability ratios continue to be in line with expectations. The top line growth remains lower compared to previous years, as indicated in the full-year guidance. The Group also enjoys a strong financial position maintained throughout the quarter. The demand from cable and satellite segment remains […]
Jonathan Sykes has left his role as managing director of Tiscali TV, the IPTV service acquired by The Carphone Warehouse. Sykes held the role of managing director, content strategy at HomeChoice, the IPTV service that is the basis of Tiscali TV.
More than 70 per cent of New Zealand youth would stop accessing illegal versions of copyrighted material if they received a notice from their ISP, a survey has found. Research firm Synovate found that a notice from their ISP would be enough to stop 71 per cent of young people further accessing illegal copies of […]
From David Del Valle in Madrid A Spanish cabinet meeting has approved a new overall TV law (Ley General del Audiovisual) paving the way for the creation of an Audiovisual Council, the exploitation and development of pay DTT, Mobile TV and HDTV and allowing TV cross-ownerships, among other things. With the new legislation, TV operators […]
The Advanced Television Systems Committee (ATSC) has confirmed the approval of A/153 ATSC Mobile DTV Standard. The ATSC Mobile DTV Standard defines the technical specifications necessary for broadcasters to provide new services to mobile and handheld devices using their digital television (DTV) transmissions. “Development and adoption of the ATSC Mobile DTV Standard is a major […]