Avail Media, provider of IPTV and advanced media services to broadband operators, has closed the final tranche of a $25 million Series B equity round. First time investor Valhalla Partners joined Columbia Capital, Novak Biddle Venture Partners, and Pioneer Ventures in the round. The financing, along with $5 million in debt financing from a strategic […]
Harris Corporation has acquired Zandar Technologies, a privately held developer and provider of high-quality multi-image display processors for television broadcast and professional video markets.
Virgin Media's head of strategy is the latest executive to leave the group amid a wider restructuring. Ernie Cormier, its managing director of strategy, would leave in the new year. Steve Stewart, the group's head of customer care, will leave at about the same time. The future of Jacques Kerrest, the group's finance head, also […]
Coming off a setback on its attempt to trigger tighter regulation, the head of the Federal Communications Commission has moved quickly to propose the FCC adopt a rule that would prevent Comcast, the nation's biggest cable company, from becoming larger. Officials said that Kevin Martin notified other commissioners this week of the agenda for the […]
Discovery and Science Channel president and general manager Jane Root is out at the company, Discovery Communications president and CEO David Zaslav confirmed. She is being let her out of her contract effective immediately to return to her native United Kingdom, and Discovery veteran John Ford — who rejoined the company in September after years […]
Digital video recorder maker TiVo has reported a narrower quarterly loss as its revenue and subscriptions increased, and it issued a forecast that was more optimistic than estimates. The net loss was $8.24 million, for its fiscal third quarter compared with a loss of $11.1 million, a year earlier. Revenue rose to $75.5 million from […]
Kevin Martin, chairman of the Federal Communications Commission (FCC), has backed down, for now, from his effort to expand regulatory control over the cable industry after failing to secure backing from fellow regulators. The FCC had planned to vote on a report that found companies such as Comcast and Time Warner Cable had reached a […]
Spotzer Media Group, provider of multi-media video advertising campaigns, announced the closing of a E10 million financing led by Sierra Ventures of Menlo Park, California. European Directories, operator of leading yellow page publishers in nine countries, also invested. Spotzer will primarily use the new capital to extend its innovative rich media advertising services into the […]
The French government plans to cut off Internet access for constant offenders of download piracy. The penalty is part of a range of measures to deal with the unauthorised copying of music and video online proposed by the French Ministry of Culture including watermarking content, tracking surfers' activities, and creating a registry of those accused […]
Setanta Sports has raised an extra E130 million to finance its assault on BSkyB’s dominance of football coverage. The funding has come from a share issue to existing backers – including Doughty Hanson and Balderton Capital, the private equity firms, and Goldman Sachs – and will be used to bid for rights acquisitions such as […]