Austrian telecom group Telekom Austria lowered its full year outlook after it reported a decline in second quarter earnings in line with estimates. The group said it now aims to reach a core profit of up to €1.55 billion and sales of around €4.5 billion. Previously it had forecast a largely flat core profit of […]
To misquote the old joke, Question: where does Googorola; the 800lb offspring of the Google buy of Motorola, sit in the media platform ecosystem? Answer: Anywhere it damn well pleases! Funny? Not really. True? Not really, but maybe a bit. Google has swept all before it in search, online advertising and now mobile, with Android […]
A letter from News Corp’s lawyers Harbottle & Lewis is going to make life extremely difficult for James Murdoch. The damning letter, revealed by the lawyers to a UK parliamentary enquiry, in effect confirms that bosses at disgraced newspaper the News of the World knew all about the now notorious phone-hacking methods, and that such […]
TiVo said it plans to buy back up to $100 million of its stock over the next two years. The company said it will fund the share repurchase programme through existing cash. The move comes as the company’s stock has floundered around the $8 mark after sitting at over $12 in April and more than […]
The Advanced Television Systems Committee (ATSC) has launched development of a 3D broadcast TV standard that will provide methods for transmission of 3DTV content to both fixed and mobile devices, the standards development organisation has confirmed. “The addition of 3DTV over-the-air TV broadcast transmission is part of our ongoing effort to expand the capabilities of […]
BBC Worldwide has agreed the sale of its magazine business, which publishes titles including Top Gear and Radio Times, for £121 million (€138m). Exponent, owner of online media jobs service Gorkana has acquired BBC Magazines. It is taking over all Worldwide’s non-BBC-branded magazines outright as well as the rights to publish BBC-branded titles including Top […]
Wireless home networking specialists AirTies says it is growing its set-top box (STB) and wireless product ranges. Besides its existing highly successful 4420 core wireless ‘plug and play’ device for the home, it has expanded its product line to include new relationships with Quantenna Communications to take their all-new chip set capable of up to […]
In a move which it suggests will “supercharge” its Android ecosystem, enhance competition, and offer “wonderful user experiences”, Google Inc. is to acquire Motorola Mobility – the part of the business which covers converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access […]
As widely expected, Scripps Networks is to acquire Virgin Media’s stake in UKTV, the joint-venture multi-platform channel operator with BBC Worldwide. Scripps Networks Interactive will pay approximately £239 million to purchase Virgin Media’s 50 per cent common equity interest in the UKTV partnership and also will pay about £100 million to acquire the outstanding preferred […]
Time Warner Cable has agreed to pay $3 billion in cash for Insight Communications. The transaction, subject to approvals, will strengthen Time Warner Cable’s presence in the east of USA presence, adding more than 750,000 subscribers in Indiana, Kentucky and Ohio. Insight is owned by The Carlyle Group, Crestview Partners, MidOcean Partners, members of Insight […]