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PrimaCom creditors set to take control

German cable operator PrimaCom, which filed for insolvency in June 2010 after its shareholders failed to reach an agreement with creditors regarding repayment of a €29.2 million loan, is now…

Technicolor must sell shares to pay debt

Technicolor has said that it will issue new shares worth about €213 million to pay back creditors after it failed to sell assets in its restructuring process fast enough. The…

Hulu backs off IPO

Hulu backs off IPO

Hulu, which has been tipped for a New Year IPO, is now said to be exploring alternative means of raising capital, including getting existing investors to inject more capital, says…

Italy’s Dahlia TV faced with financial problems

Italian pay-TV operator Dahlia TV could see a capital increase or the arrival of new shareholders early in 2011. The platform owned by the Sweden’s AirPlus, which took over Telecom…

CPB announces funding for mobile DTV initiative

CPB announces funding for mobile DTV initiative

The Corporation for Public Broadcasting (CPB) has confirmed that it will provide public television stations in 20 US markets with funding to begin delivering mobile digital television programming by the…

BBC Trust unveils strategy

A new strategy to deliver more distinctive, high quality programmes, improved value for money and greater transparency for all audiences has been published by the BBC Trust, the body that…

BBC warns of service closures

The BBC has admitted that TV, radio and online services could be at risk as the corporation seeks cost savings in the face of October’s licence fee settlement. Michael Lyons,…

Youku’s $203m IPO ‘unhealthy’

Youku, China’s largest online video company, has raised $203 million in its initial public offering and saw its shares surge more than 100 per cent in New York trading. Tudou,…

UK plans super fast broadband future

UK plans super fast broadband future

The UK Government has revealed plans to spend £830 million (€979m) in an effort to give the UK the best broadband network in Europe by 2015. An action plan –…

MGM OK’d to exit bankruptcy

MGM OK’d to exit bankruptcy

Troubled Hollywood studio MGM on December 2nd saw its bankruptcy reorganisation plan approved by a New York court, and cleared the way for MGM to speedily exit its Chapter 11…