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Channel 4 invests in Readly

Channel 4 invests in Readly

Channel 4 has made its fourth deal from its Commercial Growth Fund, striking an airtime-for-equity arrangement with digital magazine newsstand, Readly. As part of the new seven-figure partnership, Readly will…

Videocon d2h welcomes India media investment changes

India’s Prime Minister Narendra Modi-led NDA government has increased the ceiling on Foreign Direct Investment (FDI) in the media sector as part of its continuing reform exercise to attract more…

Finland’s YLE funding frozen

Finland’s government is freezing public broadcaster YLE’s annual revenues. The government blames the economic situation. The government says that YLE should also be saving money by buying in more foreign…

Third of Irish adults would ditch TV licence

Irish adults are considering scrapping their TV licences as online TV viewing increases, Pure Telecom has found. The telco commissioned a survey that revealed more than one-third of adults would…

Sky, ITV and Ginx in eSports channel launch

Sky and ITV have joined forces with videogaming TV channel specialist Ginx TV to launch the UK and  Ireland’s only 24-hour eSports TV channel, GINX eSports TV, with ITV and…

New investor for Eutelsat

New investor for Eutelsat

Australia-based private equity investment manager Lazard Asset Management Pacific has acquired 16.98 million shares in Eutelsat, representing a 7.30 per cent stake in the company. Lazard apparently bought its stake…

SES raises €750m

Satellite operator SES has raised €750 million by way of a “hybrid bond” at a coupon rate of 4.625 per cent. Described as of “strategic and long-term importance” for SES,…

Tubular raises $10m in new financing

Cross-platform video analytics and intelligence software provider Tubular has raised $10 million in financing led by Marker LLC, bringing its total funding to date to $31 million. Previous financing rounds…

O3b buyout: “Why the rush?”

Last week, satellite operator raised €900 million in order to complete the purchase of mini-satellite constellation O3b. At least one investment bank is asking why SES has moved on O3b…

SES raises €900m to buy O3b

Satellite operator SES took barely an hour on May 27 to raise more than €900 million in equity funding in order to finance its purchase of the remaining 49.5 per…

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