UK government has shelved its plans to decriminalise non-payment of the TV licence fee but will keep the issue under “active consideration”. DCMS secretary, Oliver Dowden, has been persuaded said switching to a civil enforcement risked being seen as an invitation to evade the fee and could reward those who declined to pay. But he […]
ProSiebenSat.1 Group has achieved revenues of around €4.040 billion and an adjusted EBITDA of around €700 million for the full-year of 2020. These figures are preliminary and unaudited. The German broadcasting group says its has “clearly exceeded its full-year financial outlook” last published in the context of the Q3 2020 results release, as well as […]
The BBC has disclosed it paid more than £1 million (€1.29m) to external barristers and solicitors to deal with tribunal claims brought by staff in equal pay and race discrimination cases. The BBC was unable to put a figure on additional costs of using in-house lawyers to deal with staff allegations concerning equal pay or […]
Netflix paid £3.2 million (€4.1m) in UK corporation tax in 2019. It billed an estimated £940 million (according to Ampere Analysis) to British subscribers in the period. It reported £120 million of revenue and pre-tax profit of £13 million on its operations here; the Netflix services for Europe and production. Subscriber fees from its 11 […]
FCC Chairman Ajit Pai used his departing comments to issue a warning about China’s role in potential espionage and threats to networks. Pai stepped down from his role just hours before new US President Joe Biden was sworn in. In his final statement he told the Reuters press agency that there is a wide array […]
As anticipated following his election victory, US President Biden has designated FCC Commissioner Jessica Rosenworcel as Acting Chairwoman of the Federal Communications Commission following the resignation of Ajit Pai. “I am honoured to be designated as the Acting Chairwoman of the Federal Communications Commission by President Biden,” said Rosenworcel. “I thank the President for the […]
Tencent is the leading player in merger and acquisition (M&A) activity in the tech, media and telecom (TMT) sector with nine deals of value greater than or equal to $50 million(€41m) worth $6.6 billion in 2020, according to data and analytics company GlobalData. M&A activity declined during the first half of 2020, especially in Q2 […]
The Kudelski Group has provided a business update regarding its 2020 performance. A better-than-expected resilience of the Group’s business segments in the Covid-19 environment combined with the favorable impact of proactive cost control measures resulted in its 2020 EBITDA exceeding the S45 to 55 million range of its latest guidance and strong full-year cash flows. […]
Global Eagle Entertainment (GEE), a major supplier of in-flight entertainment and broadband connectivity to aircraft, is in Chapter 11 bankruptcy reconstruction. It entered bankruptcy on July 22nd 2020 and has subsequently struck an agreement with a number of new investors whereby a consortium will acquire almost all of GEE for $675 million. The buying consortium […]
Forsway, a provider of innovative solutions tapping satellite and existing terrestrial technologies to enable cost-efficient broadband services, has announced that Bengt Jonsson has joined its Board of Directors. A long-time investor in the company, Jonsson brings extensive experience to the Forsway BoD. He has previously served as Managing Director at Forsway, and is currently SVP […]