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Ziggo IPO shelved

Dutch cable operator Ziggo has put an initial public offering (IPO) on hold, reportedly due to volatile equity markets.  Ziggo hired Morgan Stanley, JP Morgan Chase, Deutsche Bank and UBS…

ITV and C4 resist local TV funding

According to the FT the UK government  wants commercial television companies to come up with tens of millions of pounds to support Culture Secretary Jeremy Hunt’s local TV stations project.…

£81.5m tax rebate for Virgin Media

£81.5m tax rebate for Virgin Media

Virgin Media is celebrating an £81.5 million (€91.4m) VAT refund from HM Revenue & Customs. The refund covers an eight-year period between 2003 and 2011 on an undisclosed part of…

More foreign investment for Indian FTH and IPTV

The recommendations of the Telecom Regulatory Authority of India (TRAI) to raise FDI (Foreign Direct Investment) ceiling for DTH, IPTV from 49 per cent to 74 per cent have been…

Digitalsmiths $12.5m funding

Digitalsmiths has announced that the company has closed an oversubscribed $12.5 million expansion financing. The infusion of capital accelerates US domestic and international sales of Digitalsmiths’ video search and discovery…

NDS refinances $800m

Encryption and TV technology company NDS has refinanced $800 million of debt. NDS is owned 51 per cent by Permira and 49 per cent by News Corp. Permira bought into…

Dori Media to delist from AIM

Production house Dori Media, which specialises in producing Latino soap operas and telenovellas, is to delist from London’s AIM share market. It held an IPO in March 2005 and raised…

3D’s 3ality gets financial boost

Clearlake Capital has led a recapitalisation of 3D camera rig specialists 3ality Digital. In connection with the deal, Clearlake has acquired the majority of the newly-issued preferred stock of the…

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…