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Cracker maker buys China Network Systems

Want Want Group, a company best known in China for its popular rice crackers, has agreed to acquire China Network Systems, Taiwan’s leading cable television company, in a deal that…

Lovefilm cuts losses, revenues up

Lovefilm cuts losses, revenues up

LoveFilm has lowered its pre-tax loss to £934,000 (E1.06m) in 2009, from £7.4 million in 2008, as revenues increased by one third. The online film rental service reported its paying…

TeliaSonera IPTV growth

TeliaSonera has reported its IPTV subscriber base grew in a number of markets during the first nine months of 2010. In Sweden the company saw its IPTV customer base increase…

Apple targets Sony?

Apple targets Sony?

Shares of Sony Corp rose three per cent as traders cited media reports speculating it could be a potential acquisition target of Apple. After Apple’s earning announcement last week when…

Astrium takes over ND SatCom

SES Astra and Astrium, a wholly-owned subsidiary of EADS, have confirmed that Astrium will purchase a 75.1 per cent stake in SES Astra’s satellite equipment provider and ground system integrator…

Brightcove: No IPO… yet

Brightcove: No IPO… yet

Jeremy Allaire, chief executive of Brightcove, has denied rumours of an initial public offering. Speculation about the future of the highly-valued online video company rocketed earlier this month when Allaire…

Jail and €2m fine for Premiere pirates

AEPOC, the European Association for the Protection of Encrypted Works and Services, has reported a breakthrough judgement against Pay-TV piracy. Belgian prosecutors, joined by AEPOC member Sky Deutschland, have won…

New brand and board for Sogecable

Sogecable, Spain’s largest pay-TV group and owner of Cuatro, has been re-branded as Prisa TV. It will hold all Prisa’s TV assets: Digital DTH platform, Digital Plus, Cuatro, the Portuguese…

Sky closes in on 10m subs

Sky closes in on 10m subs

Satellite broadcaster BSKyB’s first quarter results reveal it is fast approaching the 10 million subscriber mark, reporting net customer growth of 96,000 to reach 9.956 million households by the end…

Pace acquires 2Wire

Pace acquires 2Wire

STB specialist Pace has completed the acquisition of 2Wire.  Broadband CPE manufacturer 2Wire has a number of clients in the tier-one telco market, particularly in the North American market, including…

ADB buys Pirelli Broadband

Advanced Digital Broadcast Holdings (ADB), has bought Pirelli Broadband Solutions for E30 million – E22 million in cash and 400,000 ADB shares, about 7 per cent of the company which…

Spain bars Tele5 and Telefonica from Digital Plus

The Spanish competition watchdog (CNC) has approved the merger between the commercial TV channels Tele 5, controlled by Mediaset  and Prisa-owned Cuatro, but has blocked the entry of Tele5 and…

Ofcom cuts 170 posts

Ofcom will have to cut 170 jobs, almost 20 per cent of its workforce, and reduce its £143 million (E160m) budget by 28.2 per cent in real terms over the…

Netflix moving online only, net up 26%

After building a successful business by shipping millions of DVDs every month in the mail, Netflix expects by the end of this year to start letting subscribers give up discs.…

BBC appoints new digital head

BBC appoints new digital head

The BBC has finally appointed a new digital media director to run BBC Online, BBC iPlayer, BBC Mobile and BBC Red Button . Ralph Rivera moves from New York and…