Incumbent Dutch telco Royal KPN NV (KPN) is to acquire Dutch cable MSO Caiway from its current shareholders, Rabo Bouwfonds’ Communication Infrastructure Fund (CIF) and Caiway’s management, for an undisclosed sum. Caiway provides television, broadband and telephony services in several municipalities in the Netherlands through the cable and fibre infrastructures of CIF and a number […]
Satellite operator SES has restructured its senior management. The decision was flagged some weeks ago at the company’s AGM, and sees the former subsidiary operating companies of SES Astra and SES World Skies come together under a streamlined management structure. A new executive committee of senior management emerges under the presidency/CEO position of Romain Bausch. […]
Russia should introduce an initiative to regulate copyright on the Internet, according to Russian President Dmitry Medvedev. At a meeting with the country’s Internet community he stressed the need to optimise the work of the online services and mass-media, saying that protection of the intellectual property, copyright and prevention of cyber crimes were among the […]
On-demand TV solutions specialist Espial Group has revealed that its Board of Directors has initiated a process to review a range of potential strategic alternatives available to Espial for enhancing shareholder value. A Special Committee has been established to lead this process and has retained Morgan Keegan as its financial advisor to provide independent advice. […]
India’s information and broadcasting Minister says that 31 new satellite channels are awaiting government approval to start broadcasting. 653 TV channels are already licensed, said the Minister, Mrs Ambica Soni. Perhaps even more of a revolution is the number of new radio stations that are awaiting licences. The Minister said that more than 800 new […]
Jeff Bewkes CEO of Time Warner used an interview at the Tribeca Film Festival to defend the company’s recent record and say that it was unfairly undervalued compared to its peers. “I’m going to let you in on a secret, we’re going to do better than everybody thinks we’re going to do, including any financial […]
Japanese electronics giant Panasonic is to trim 30,000-40,000 jobs over the next two years. Most of the jobs will go from its overseas – that is non-Japanese – payrolls. Japanese news media say they are the most serious job cuts to face any of the Japanese consumer majors, and represents about 10 percent of its […]
Discovery Communications posted first quarter revenues of $951 million increased $82 million, or 9 per cent, over the first quarter a year ago, led by 8 per cent growth at U.S. Networks and 14 per cent growth at International Networks. Adjusted Operating Income grew 17 per cent to $427 million, driven by a 14 per […]
Viacom announced revenue was up 20 per cent to $3.27 billion, for the second quarter and net earnings reached $376 million, up from $245 million in the comparable period a year ago. Viacom’s TV networks did especially well as advertisers flocked to destination shows and the company was able to charge cable operators more for […]
The founders of YouTube have bought bookmarking service Delicious from Yahoo. Chad Hurley and Steve Chen will use Delicious as a key part of their next net venture, Avos A startup thought to be based around tools that help people navigate the vast amount of information generated by web sites and services. Delicious describes itself […]