Nexstar Media Group and TEGNA, a provider of US local news and services, have entered into a definitive agreement whereby, subject to regulatory approvals, Nexstar will acquire all outstanding shares of TEGNA for $6.2 billion (€5.3bn), inclusive of TEGNA’s net debt and estimated transaction fees and expenses. The purchase price represents a 31 per cent […]
MFE-MediaForEurope (MFE) has formally announced the results of the initial acceptance period of the voluntary public takeover offer to the shareholders of ProSiebenSat.1 Media. Additionally, PPF IM LTD, an indirect subsidiary of PPF Group, also formally announced the final results of its partial acquisition offer. Following the end of the initial acceptance period of the MFE […]
Right-leaning news channel Newsmax is to pay $67 million (€57.4m) to settle the libel suit brought by Dominion Voting Systems against the channel for falsely claiming that the voting machine company had rigged votes in the 2020 US presidential election. The settlement, completed on August 15th, was disclosed in an S.E.C. filing by Newsmax. It […]
Hanwha Phasor is bankrupt. The European and US divisions of Korea’s Hanwha Systems and Hanwha Aerospace made highly sophisticated flat-panel satellite antennas but the division was closed at the end of 2024. It has now emerged that satellite hardware manufacturer SWISSto12 is buying Hanwha’s electronically steered antenna assets, but not the full business. Phasor Solutions […]
The Film and TV Charity has added three new members to its Board of Trustees. The Charity’s board plays a key role in overseeing the strategic delivery of the organisation’s vision and values, with a focus on championing better mental health, fairer working practices, and enhanced financial and social well-being for those working behind the […]
AstroAgency, a strategic communications and market intelligence firm dedicated to the commercial space industry, is accelerating its expansion into North America, formalising two new transatlantic partnerships. UK-headquartered AstroAgency has signed two Memorandums of Understandings (MOU) with Voyager Technologies and Cislunar International, kicking off a six-month push to grow the firm’s connections and clients across the […]
Ghana is hitting MultiChoice and its DStv pay-TV system with daily fines of Ghanaian Cedis 10,000 (€788) for failure to reduce its subscription rates for viewers. Ghana says that DStv has failed to provide Ghana’s Ministry of Communications and Digitalisation with pricing data as required under the country’s Electronic Communications Act. The sanctions commenced on […]
The Australian Competition and Consumer Commission (ACCC) has commenced Federal Court proceedings against Google Asia Pacific over anti-competitive understandings that Google admits it reached in the past with Telstra and Optus regarding the pre-installation of Google Search on Android mobile phones. Google has co-operated with the ACCC, admitted liability and agreed to jointly submit to […]
The influential American Television Alliance (ATA) which normally focuses its advocacy efforts on maintaining subscriber choice and arguing against channel black-outs over carriage fee disputes, has told the FCC that the transition from today’s US broadcast standard to the ‘next generation’ ATSC 3.0 would be much too expensive for at least one of its members: […]
Cairo-based satellite operator Nilesat reported that its first-half year revenues amounted to $48.63 million (€41.63), a slight drop in the amount achieved the same period last year ($50.80m). But while the revenues have fallen when compared to 2024, the operator’s profit is up. Nilesat posted $32.33 million in net profit from continuing operations in the […]