Karen Bradley has retained her job as Secretary of State for Culture, Media and Sport following UK Prime Minister Theresa May’s reshuffling of portfolios following the UK General Election which saw her Conservative Party secure the most parliamentary seats, but not an overall majority. One of the most significant items requiring Bradley’s attention when she returns […]
Everyone should now be out of the prediction business: Brexit, Trump, and now Theresa May. The UK Prime Minister has seen a Parliamentary majority and a 20 point poll lead disappear and now has to rely on a tiny Northern Ireland party to prop her up. It is the biggest political disaster wrought by the […]
Further to advanced-television.com’s revelation on June 8th that pay-radio operator SiriusXM had renewed its interest in investing in streaming music service Pandora, the pair have announced that SiriusXM will make a $480 million (€430m) strategic cash investment in Pandora. Under the terms of the agreement, a subsidiary of SiriusXM will purchase an aggregate of $480 […]
Malaysia’s DTH pay-TV broadcaster Astro is reportedly looking to acquire India’s Reliance Digital TV. The Times of India is quoting sources saying that the plan is part of Anil Ambani’s wish to reduce debt in his Reliance Communications telco. The newspaper is reporting that Astro Malaysia Holdings is currently undertaking due diligence examinations of Reliance […]
It is far from the first such report that pay-radio operator SiriusXM is interested in investing in streaming music service Pandora, but this time Reuters is reporting that the previous reports were correct, although now SiriusXM is attempting a variation on the acquisition plan. Liberty Media owns SiriusXM and the news organisation is saying that […]
Vivendi has entered into the purchase agreement with the Bolloré Group regarding the approximately 60 per cent majority stake Bolloré Group holds in Havas at a price of €9.25 per share. The move follows Vivendi’s indicative offer made on May 11th. Havas is a French multinational advertising and public relations company, headquartered in Paris, France. […]
A report in Infrastructural Journal & Project Finance says that UK broadcasting, media and facilities company Arqiva, and up for sale, expects to see indicative bids to buy the company to be submitted “before August”. It has been reported that bankers for Arqiva will issue a Prospectus shortly. Arqiva is responsible for transmitting much of […]
ZDF Enterprises is to acquire a 32.5 per cent minority stake in UK content production company World Media Rights via the holding company European Media Rights Ltd. It is ZDF Enterprises’ first investment in a UK production company. The new investment coincides with a board restructure at World Media Rights. Existing World Media Rights board […]
As anticipated, the proposed merger between Intelsat and Jersey-based satellite constellation OneWeb has been pulled. Intelsat, in a statement issued early on June 1st, said that not enough of its bond-holders had agreed the terms of the SoftBank-enabled financial restructuring to make the scheme work. Intelsat needed an 85 per cent acceptance level of the […]
A+E Networks will acquire full ownership of A+E Networks Germany following a successful 12-year joint venture with NBCUniversal International (NBCUI). A+E Networks Germany operates HISTORY and A&E in Germany, Switzerland, Austria, Luxembourg, Alto Adige and Liechtenstein. Both channels have full distribution on cable and satellite platforms in the markets. “We are incredibly proud of the […]