In a move that strengthens its focus on the media and broadcast sector, bandwidth infrastructure company euNetworks Fiber UK has acquired 100 per cent of the shares of The Loop Manchester from Gamma Telecom Holdings. The Loop is a duct and sub-duct based fibre network in the northwest England region of Greater Manchester. The Loop […]
The specialist insurance companies who provide launch and ‘in use’ cover for satellites have had another disastrous year. One report says that space insurance underwriters have had their third year of reporting losses despite increases since 2019 of premiums to cover key aspects of the launch and periods in orbit of satellites. Space Intel Report […]
YouTube has removed TalkRadio’s channel from its platform. It has not given an explanation for its action, but there is speculation that it relates to its rules on Covid-19-related misinformation, according to the BBC. Fact-checkers have repeatedly challenged some of the claims made by interviewees featured by the station. TalkRadio said it was seeking an […]
While the Christmas Eve signature on the exit agreement between the UK and the European Union grabbed most of the headlines, the fact is that the Christmas to New Year period saw a number of other announcements made concerning future trade deals and agreements. Cynics might argue that the news had been buried by the […]
China Satellite Communications (CSC), a subsidiary of China Aerospace Science & Technology, says it will sell shares to a group of investors totalling some 3.3 billion Yuan (about $506 million). Based in Beijing, the company says it will use the cash to invest in 3 satellite projects. After the cash-raising exercise China Aerospace will remain […]
Intelsat’s most senior staff received good news on December 22nd when the company’s bankruptcy court approved the request for a series of Key Employee Incentive Payments (KEIP) for 2021. But the court made some major adjustments to the core requests. The total three tier KEIP plan is trimmed downwards to $6,720,038 for the lower ‘Threshold’ […]
UK broadcast regulator Ofcom has confirmed changes to its Broadcasting Code and Code on the Scheduling of Television Advertising following consultation. The changes reflect new requirements on broadcasters under the revised Audiovisual Media Services Regulation 2020, and also take account of legislative changes following the end of the transition period for the UK’s withdrawal from the European Union. In brief, Ofcom is amending: the […]
Southeast Europe—focused multiplay telco United Group is to acquire Nova Broadcasting Group, Bulgaria’s largest multi-platform media company, from Advance Media Group. The transaction is expected to close early in 2021 and is subject to customary regulatory approvals. Nova comprises 10 TV channels, including national NOVA TV; the country’s largest online platform Net Info that reach […]
MGM (Metro-Goldwyn-Mayer), the legendary Hollywood film studio home to the likes of the James Bond and Rocky franchises, is up for sale with a reported asking price of around $5.5 billion (€4.5bn). MGM Holdings has hired investment banks to find a buyer as the streaming boom sees platform owners bid fiercely for film and television […]
Netflix co-CEO Reed Hastings has sold almost a quarter-billion’s worth of shares. Hastings sold $230.6 million’s (€189m) worth of shares in Netflix (437,311 shares) on December 21st at an average price of $527.26 per share, a fraction below their $527.22 value on December 22nd. Hastings released the data on December 22nd. Most of the shares […]