ProSiebenSat.1 Media has acquired the remaining 10.1 per cent of shares in Jochen Schweizer mydays Holding held by founder Jochen Schweizer via Jochen Schweizer Beteiligungs since ProSiebenSat.1 initially took a stake in the company in 2017. Based on former contracts the media company has now exercised the existing purchase option to transfer the founder’s remaining […]
The US-funded Arabic language Al Hurra satellite news channel is close to having to cease broadcasting with the Trump administration’s decision to cut its funding. Al Hurra, which launched in 2004 to counter anti-American sentiment, has a claimed 30 million viewership over the Middle East and North Africa. Local reports say that in notices to […]
FitTech company WithU has announced that it will assume full ownership of its Mvmnt brand, formerly operated as a joint venture with Sky. The move will mark the beginning of the global expansion of Mvmnt, as WithU targets the growing digital fitness market in new territories. Launched in 2022, Mvmnt was created as a result […]
On April 11th, Jack Dorsey, co-founder of Twitter, posted “delete all IP law” on the social media platform, now rebranded as X. Current owner Elon Musk swiftly responded to the tweet with: “I agree.” AI companies including OpenAI (which Musk co-founded, competes with, and is challenging in court) are facing numerous lawsuits alleging that they’ve […]
The UK’s Competition & Markets Authority (CMA) has launched a Phase 1 investigation into SES in relation to its proposed acquisition of Intelsat. The CMA believes that the proposed acquisition of Intelsat Holdings by Luxembourg-based SES could potentially lead to a substantial lessening of competition in one or more UK markets. The CMA is examining […]
US President Donald Trump has said he will be announcing the tariff rate on imported semiconductors over the next week – adding that there would be flexibility with some companies in the sector. This seems to be a row back after he removed extra tariffs on smartphones and tablets. “We wanted to uncomplicate it from […]
The EU’s Defence and Space Commissioner Andrius Kubilius says he has no objection to mergers in the satellite and space production sector. Speaking on April 11th at the New Economy Forum’s Europa Forum in Brussels, he said he was in favour or supporting champions, although did not specifically mention the Airbus and Thales Alenia merger […]
An Indian rocket will launch AST SpaceMobile’s (AST) first of its 2nd Generation satellites into orbit in May. AST’s intention is to provide a global direct-to-consumer cellular service in conjunction with partners such as Vodafone, AT&T and Verizon. Shareholder optimism is also robust, helped by positive reports from some influential investment banks. But two recent reports […]
Warner Bros Discovery (WBD) has announced that cable TV pioneer Dr John C Malone has decided not to stand for re-election to the Company’s Board of Directors and will be transitioning to the role of Chair Emeritus, effective upon the expiration of his term at the 2025 Annual Meeting of Stockholders. As Chair Emeritus, Malone […]
The Foreign Affairs Committee of the UK House of Commons has published written evidence by a group of BBC World Service (former and current) journalists, on the impact of cuts to the World Service. The evidence discusses the recent announcement by the BBC to appoint “six regional directors to oversee output in its devolved regional […]