Twitter has reportedly approached ByteDance, the Chinese owner of TikTok, with regards to purchasing its US operations. Social media video-sharing app TikTok has been at the centre of debate recently. Last week US President Donald Trump ordered firms to stop doing business with the company within 45 days over security concerns. Microsoft is also front-runner […]
WarnerMedia has cut several jobs and restructured its leadership team as the company navigates the pandemic. CEO Jason Kilar outlined the changes in a message to all employees that read: “Because of the gift that is the internet, we have what I believe is one of the greatest opportunities in the history of media, which […]
Charlie Ergen, chairman of DISH Network and EchoStar, says he believes that some sort of merger between his own DISH Network and AT&T’s DirecTV is inevitable. “Is it one month from now or two years from now? I don’t know,” he said during a conference call with analysts reviewing DISH’s Q2 results. DISH’s subscriber numbers […]
Giles Thorne, an equity analyst at investment bank Jefferies, said the SES results prompted a review of the satellite company’s prospects. Jefferies now rates SES a “Buy” with a share price target of €16 (they ae currently around €6.30). SES CEO Steve Collar had reminded analysts on the results call that SES is now carrying […]
Dan Jablonsky, president/CEO of Maxar Technologies, buoyed by a healthy share price and extremely strong Q2 results, told analysts that one of his priorities was to “expand margins”. Jablonsky said that while he did not rule out supplying Ottawa-based Telesat with its Low Earth Orbit (LEO) satellites, Maxar did not want the market to think […]
ViacomCBS International Studios (VIS), a division of ViacomCBS Networks International (VCNI), has announced the appointment of Kate Laffey as Vice President, ViacomCBS International Studios (VIS), effective immediately. Based in London, Laffey will report to Pierluigi Gazzolo, President, Studios and Streaming, ViacomCBS Networks International. With direct oversight of all international studio development, production and commercial for […]
Vistas Media Acquisition (VMAC) is being listed on the NASDAQ exchange in New York and with the objective of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation or similar business combination with one or more businesses. VMAC is a Special Purpose Acquisition Company (SPAC) and will likely have around $100 million for […]
Satellite operator SES has included the anticipated receipt of $3.97 billion into its forecast accounts and coming its way as a result of the FCC’s C-band restructuring order. The first batch of cash will come into the company from “mid-2021”. SES confirmed it is buying four more O3b/mPower satellites, which will result in a 90 […]
The US’s Federal Communications Commission has established final application and bidding procedures for the auction of 280 megahertz of mid-band spectrum for 5G and other advanced wireless services. This auction will offer 5,684 new flexible-use overlay licences based on Partial Economic Areas (PEAs) for spectrum in the 3.7–3.98 GHz band. This spectrum holds the potential […]
DISH Network Corporation, the US DTH broadcaster, has reported Q2 revenue totaling $3.19 billion (€2.7bn) for the quarter ending June 30th 2020, compared to $3.21 billion for the corresponding period in 2019. Net income attributable to DISH Network totaled $452 million for the second quarter 2020, compared to $317 million from the year-ago quarter. Diluted […]