Advanced Television

Business

MTG completes sale of TV businesses in Ghana, Nigeria

MTG has completed the sale of its free-TV broadcasting and production businesses in Ghana and Nigeria to Econet Media Group for an undisclosed consideration. The previously announced sale of MTG’s free-TV broadcasting business in Tanzania to the same buyer is pending local regulatory approval and is expected to close in Q1 2017. The sales reflect […]

December 16, 2016

Daffner elected as APSCC President

Gregg Daffner (CEO of GapSat) has been elected and inaugurated as the President of ASCC at the 2016 APSCC General Assembly held. As the main representative of APSCC, Gregg will be responsible for setting the policies and goals of APSCC in consultation with the APSCC Board of Directors, Vice Presidents and Executive Director. At the […]

December 16, 2016

Zanzi heads Fox Sports Asia

Fox Networks Group Asia has announced the appointment of Italo Zanzi as Executive Vice President and Managing Director for its Sports network. The veteran sports executive leads the management of the Fox Sports business and team across Asia-Pacific and the Middle East. Zanzi joins Fox from Italian Serie A football club Roma where he was […]

December 16, 2016

Fox, Sky agree deal

Less than a week after the pair confirmed that an offer had been made, Twenty-First Century Fox has reached an agreement with Sky plc on the terms of a recommended pre-conditional cash offer by 21st Century Fox for the fully diluted share capital of Sky which 21st Century Fox and its affiliates do not already […]

December 15, 2016

BBC Charter and Agreement published

The UK Government has published the final BBC Charter and Agreement. The Royal Charter forms the constitutional basis of the BBC and its current Charter is due to expire at the end of 2016. On behalf of the Trustees, Rona Fairhead, Chairman of the BBC Trust said: “The priority of the Trust has been to […]

December 15, 2016

Ofcom prepares ground for BBC regulation

UK comms regulator Ofcom has published several consultations in preparation for regulating the BBC. This follows the publication earlier on December 15th of the final BBC Royal Charter, which details how the BBC will operate in the new Charter period from 2017 to 2027. Broadcasting Code Review This consultation extends all aspects of the Broadcasting […]

December 15, 2016

Analyst: Vivendi building ‘Latin powerhouse’

Vivendi has speedily built up a 20 per cent stake in Silvio Berlusconi’s Mediaset broadcasting empire. Berlusconi’s family are reported to be resisting the take-over move, and the Italian state says it is “on alert” to the French move. Equity analyst Sami Kassab at Investment bank Exane-BNP/Paribas, in a note to clients December 15, says […]

December 15, 2016By Chris Forrester

Liberty Media wins F1 deal investment

Liberty Media Corporation has entered into agreements with certain third party investors to commit $1.55 billion (€1.46bn) in subscriptions for newly issued shares of its Series C Liberty Media common stock (LMCK) at a price of $25.00 per share in connection with its acquisition of Formula 1. The third parties are Coatue Management, the D. […]

December 15, 2016By Colin Mann

Fox hits Bangkok Bank with $71m claim

The Thailand issue of 24 new digital transmission licences is proving something of a financial catastrophe. Many of the channels have subsequently closed while some have yet to pay their digital auction fees. Now Fox Networks Group is suing Bangkok Bank, which acted as guarantor to two of Fox’s major local clients (GMM Grammy and […]

December 15, 2016By Chris Forrester

Vivendi reaches 20% Mediaset share ownership

Barely two days after suggesting that such an outcome was likely, and a day after it confirmed that it had crossed the 5 per cent and 10 per cent thresholds of Italian broadcaster Mediaset’s share capital, media group Vivendi revealed December 14 that it had crossed the 15 per cent threshold and reached the 20 […]

December 15, 2016By Colin Mann