Space and satellite specialist MDA has announced its share price offer for the upcoming IPO. It will offer shares at C$14 per common share, with the target to raise approximately C$400 million. The offer will close on April 7th. The Toronto Stock Exchange has conditionally approved the listing of the Common Shares, subject to the […]
There is much speculation in the French press that changes in the country’s channel/media ownership regulations could affect the potential sale of free-to-air network M6. An article in Les Echos suggests that Bertelsmann’s CEO Thomas Rabe expects a decision to be taken during this current half-year regarding the disposal of M6. The decision is important […]
Findings from Group-IB, a global threat hunting and adversary-centric cyber intelligence company, estimate the revenue of the video piracy market in Russia in 2020 at $59 million. The market decline has slowed down, however, with 7 per cent drop in 2020 compared to 27 per cent in 2019. Online pirates were not quite successful in […]
Years of losses have forced a major restructuring on financially troubled South Africa Broadcasting (SABC). The broadcaster says that it has now laid off 621 staff, some 21 per cent of its workforce in order to make SABC “fit for purpose” and to avoid the need for more public handouts. “The reduction of employee costs […]
Telestream, a portfolio company of Genstar Capital and a provider of digital media tools and workflow solutions, has announced the acquisition of ContentAgent from Vecima Networks. ContentAgent is an application used by broadcasters, production companies and post houses to streamline content creation workflows. ContentAgent was built to automate common tasks such as camera card ingest […]
Intelsat, still in the middle of its Chapter 11 bankruptcy reconstruction, continues to be hit by the Coronavirus and other severe headwinds. Its full-year loss for 2020 was a worrying $912 million (€776.3m) on revenues of $1.9 billion. Intelsat’s CEO Stephen Spengler, said: “The Covid-19 pandemic made 2020 a challenging year; however, we are proud […]
OneWeb (and its WorldVu business) and Intelsat have “consensually” settled and withdrawn their claims on each other as part of Intelsat’s Chapter 11 bankruptcy reconstruction. OneWeb itself also spent part of last year in Chapter 11. The filing into Intelsat’s bankruptcy court on March 29th stated: “Intelsat and the Reorganized Debtors of OneWeb will work […]
UK broadcast regulator Ofcom has imposed a financial penalty of £125,000 (€147,000) on religious satellite channel Loveworld, after an investigation found it broke broadcasting rules for the second time in a year. During the course of a 29-hour programme – The Global Day of Prayer – Ofcom found that news content and sermons presented potentially […]
The Wireless Broadband Alliance (WBA), the body leading development of next-generation Wi-Fi services, commends the Kingdom of Saudi Arabia’s Communications and Information Technology Commission (CITC) for their spectrum designation of the entire 6 GHz band (5.925-7.125 GHz) for licence-exempt use. Saudi Arabia is the first country in the Middle East, Europe, or Africa to designate […]
Eleven Sports has announced the acquisition of New York-based global sports media and entertainment company Team Whistle, in a move that expands Eleven’s operations to North America and accelerates the Group’s plans to create a global sports media destination. The deal is subject to HSR approval. The acquisition will bring together Eleven Sports’ 150+ commercial […]