AT&T has issued a clarification on the story that Mexico’s media and anti-trust regulators have anxieties over the proposed merger between AT&T and Time Warner, and in particular how the merger would affect the running and management of Sky Mexico. A statement from AT&T, issued on Aug 29th, says: “We appreciate the work done by […]
In a deal it says will accelerate its global growth strategy in a key English-speaking market, CBS Corporation has agreed to acquire Network Ten, one of three major commercial broadcast networks in Australia. The transaction adds Network Ten to CBS Corporation’s global content and distribution portfolios. In addition to core linear channel TEN, the deal […]
Mexico has joined Brazil in saying that the AT&T planned merger with Time Warner cannot go ahead unless AT&T sells off its Sky Mexico pay-TV subsidiary. Brazil issued a similar demand last week. Mexico’s Federal Telecommunications Institute (IFT) regulator said that once AT&T disposes of its 41 per cent stake in Sky Mexico, and that […]
Following the UK Culture Secretary Karen Bradley’s request for advice and clarification in light of representations received in relation to the proposed merger between 21st Century Fox and Sky, communications regulator Ofcom has submitted additional advice to the Secretary of State. Bradley will now carefully consider that advice before making her decision on referral on […]
The Australian Competition & Consumer Commission (ACCC) will not oppose Birketu Pty Ltd (Birketu) and Illyria Nominees Television Pty Ltd’s (Illyria) proposed joint bid to acquire Ten Network Holdings Limited (Ten). Birketu, owned by Bruce Gordon, and Illyria, owned by Lachlan Murdoch, propose to each acquire a 50 per cent interest in Ten, and to […]
Brazil’s anti-trust regulator is objecting to the proposed $85.4 billion (€78.5bn) merger between AT&T and Time Warner. CADE (Conselho Administrativo de Defesa Econômica [Administrative Council for Economic Defense]), the Brazilian regulator, says the merger poses a “high risk” to competition, and as currently planned should be rejected unless the two businesses sell off some of their […]
Iliad-owned telco Free has been holding a 20 per cent stake in Canal+’s SVoD service Canalplay since 2016, having exercised a share acquisition option, according to weekly magazine L’Express. The French operator discreetly took up the shares it held the rights to following the sale of its Free Home Video service to Canal+ in 2011. […]
The powerful South African Gupta family is selling its media interests including The New Age newspaper and ANN7 television news station. The buyer, Mzwanele ‘Jimmy’ Manyi, is a long-standing supporter of President Jacob Zuma and was once a government spokesman. ANN7 was launched in 2013 with 35 percent backing from India’s Essel Group (itself backed […]
UK comms regulator Ofcom is facing judicial review over its ruling that Sky would remain ‘fit and proper’ to hold a UK broadcasting licence should the 21st Century Fox bid for the outstanding shares it does not already own be successful. Hausfeld, the law firm representing advocacy group Avaaz, has issued a ‘letter before claim’ to […]
Australian pay-TV operator Foxtel and premium channel Fox Sports are to be merged into a single company that could be listed on the stock exchange, owners News Corp and Telstra have announced. Fox Sports is completely owned by Rupert Murdoch’s News Corp, while Telstra and Foxtel currently share ownership of Foxtel. The pair say the […]