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Australia NBN bill ‘could top $44bn

Fears have emerged that the peak funding of the National Broadband Network (NBN) in Australia could balloon beyond A$44 billion, as construction companies urged the government to pare back the…

WPP backs Vice network

Vice is preparing to announce investment partnerships with Tom Freston, MTV’s co-founder; WPP, the giant media conglomerate; and the Raine Group, a boutique investment firm. To help it expand, Vice…

BBC World Service funding from US government

The BBC World Service is to receive a “significant” sum of money from the US government to help combat the blocking of TV and Internet services in countries including Iran…

RGB recognised in Wall Street Journal’s 50 top venture capital backed companies

RGB Networks, the expert in high-capacity multi-screen video delivery solutions, has been recognised by The Wall Street Journal as one of America’s “50 most promising venture-backed companies” in its second…

TiVo needs cash injection

TiVo needs cash injection

TiVo shares fell back 3.4 per cent (to $8.75) after telling shareholders that it was offering $120 million in convertible senior notes to investment institutions. The notes are due 2016.…

Boxee: $16.5m funding

Web-TV company Boxee has secured a new round of financing for $16.5 million in Series C financing from both new and existing investors. New investors include Tel Aviv-based Pitango Venture…

Dahlia off-air as rescue fails

Italian pay-DTT broadcaster Dahlia TV is off-air as new investors failed to materialise a month after it entered liquidation. A statement on the company’s website announced: “Dahlia TV and his…

Catch Media snares Motorola Mobility money

Motorola Mobility Ventures, the investment arm of Motorola Mobility Holdings, is to make a strategic investment in Catch Media, the provider of a patented licensed digital rights locker platform –…

Vivendi fends off investors

Vivendi is claiming a major legal victory after a US judge limited the number of shareholders who can pursue it over alleged false financial statements relating to the Seagram /…

Broadcast incentive could net US treasury over $33bn

CTIA – The Wireless Association and the Consumer Electronics Association (CEA) have submitted a white paper to the Federal Communications Commission (FCC) demonstrating that the auction of 120 MHz of…