AT&T has posted a $13.9 billion (€11.5bn) loss in the fourth quarter, as the owner of Warner Bros and HBO took a big Covid-19 hit with $650 million in charges. But this is dwarfed by the group’s decision to accept a $15.5 billion charge on its pay-TV business, as subscribers cut the cord. The only […]
Do you remember when Bill Gates was seen as the Darth Vader of world business, bullying others out of various sectors; operating systems, web browsers and more? And Apple and Steve Jobs were the ‘other guys’, the good guys, the little guys. Indeed, Jobs attracted cultish devotion in the same proportion that Gates attracted opprobrium. […]
The planet’s two richest individuals, Elon Musk and Jeff Bezos, are involved in a bitter slanging match over their satellite mega-constellations. Their rival businesses, SpaceX and Project Kuiper, have lodged tit-for-tat almost daily filings with the Federal Communications Commission (FCC) with SpaceX saying that Amazon’s Kuiper is guilty of “stifling competition”. SpaceX is already asking […]
The European Broadcasting Union (EBU) has unveiled what it describes as a “pioneering” online initiative that will enable public service media to transcend language barriers and offer their audiences trusted news content produced by counterparts from across Europe. This multilingual content will provide a pan-European perspective on issues of key interest to national audiences such […]
RTL Group has generated an Adjusted EBITA of around €850 million in 2020 (2019: €1.156 billion), according to preliminary and unaudited figures. This significantly exceeds the previous guidance for the full-year Adjusted EBITA of around €720 million and the current analysts’ consensus. With TV advertising markets in Europe performing significantly better than previously expected in […]
Acting FCC Chairwoman Jessica Rosenworcel has welcomed the release of final guidance on the upcoming assignment phase of the US’s 5G auction of C-band spectrum which has already generated gross proceeds exceeding $80.9 billion. The FCC, in a Public Notice, has detailed the assignment phase of Auction 107, in which bidders that won generic spectrum […]
Dominant UK multiplay telco BT Group has revealed plans to recruit more than 400 apprentices and graduates for its September 2021 intake. BT will recruit talent into the company across areas as diverse as engineering, customer service, applied research, and cyber-security to support the UK’s fast-growing digital sectors. The new recruits will also support the […]
Michael Holmberg has joined SF Studios as new Head of the Baltics and Nordic streaming service SF Anytime. “I am extremely happy that Michael has joined us. He is a highly regarded leader with solid experience in driving growth and digitalisation in rapidly changing industries in an international environment. Michael has a great understanding of […]
Canal+ is taking legal action to protest against the decision by the French football league LFP to initiate a partial re-tender over the 2020-2024 football TV rights. Canal+ says this new auction, due to end on February 1st, is an anti-competitive move. Following the cancellation of Mediapro’s deal in December 2020, LFP’s tender process is […]
Belgium will proceed with a spectrum auction for 5G usage. The country’s government has approved an outline scheme whereby spectrum will be auctioned. Part of the plan will also see telcos renewing their existing licences. Telecoms minister Petra de Sutter says the outline plan will now be subject to public consultation and the auction likely […]