The decision to axe the Al Jazeera America will cause significant losses at the channel, expensively launched on the back of the $500 million purchase of Current TV – a purchase that is still subject to an ongoing series of lawsuits between former vice-president Al Gore and his partners, and Al Jazeera itself. Al Jazeera […]
In a move that it describes as “transformational” and which significantly enhances its content portfolio, Canadian integrated media and content company Corus Entertainment is to acquire Shaw Media, the television broadcasting division of Shaw Communications from the telco in a C$2.65 billion (€1.70bn) cash and stock deal. The transaction will give Corus ownership of all […]
Nexstar Broadcasting Group has announced that it has completed the negotiation of terms for a transaction with Media General (MEG) under which Nexstar would acquire Media General for $10.55 per share in cash and 0.1249 of a share of Nexstar Class A common stock for each Media General share. In a statement, Nexstar said it […]
French telco Orange has confirmed that it has renewed preliminary discussions with the Bouygues Group with a view to a consolidation with French mobile phone, Internet service provider and IPTV operator Bouygues Telecom. These discussions are not limited by any particular calendar and hold no commitment to any particular predefined outcome. In a Statement, Orange […]
ARRIS International, the new parent company of ARRIS Group, has completed its $2.1 billion (€1.94bn) acquisition of Pace – combining the two companies’ strengths in entertainment and communications delivery. The transaction combines the strengths of both companies on a global scale—broadening ARRIS’s worldwide CPE leadership with a competitive stake in satellite communications; leveraging new synergies […]
BTIG, the global financial services firm, has published its top 16 predictions and events to watch for in media and tech stocks in 2016: 1. Media Companies Forced to Shorten Sports Rights Amortisation Accounting In 2016, BTIG expects accelerating declines in multichannel video subscribers due to cord-cutting/shaving/nevering, combined with a continued secular decline in TV advertising […]
Some newspapers have included a Liberty Vodafone deal in their 2016 predictions despite the last round of talks failing in September. The Daily Mail, in particular, claimed knowledge corporate financiers have been working over Christmas on a possible £140 billion (€190bn) merger between Vodafone and US-listed Liberty Global. It reports John Malone, Liberty’s chairman, has […]
The French stock market authority, Autorité des Marchés Financiers (AMF), has published the interim results of the initial offer period of Nokia’s public exchange offer for Alcatel-Lucent securities in France and in the US, and has declared the offer successful. Rajeev Suri, President and CEO of Nokia, said: “We are delighted that the offer has […]
Multinational cable, fibre, telecommunications, contents and media company Altice has completed the acquisition of 70 per cent of the share capital of US cable MSO Suddenlink from existing shareholders BC Partners, CPP Investment Board and Suddenlink management. BC Partners and CPP Investment Board have retained a 30 per cent stake in Suddenlink, as planned. The […]
There has been recent speculation that Britain’s largest commercial broadcaster, ITV, is not only up for sale but that US cable giant Comcast might well be a buyer. This is not the first time that American names have been cited as potential buyers. A month or so ago it was Liberty Global (which already owns […]