Viacom International Media Networks Italia has ended the year to September 2016 with a profit of €2.4 million. Revenues in the same period grew to €52.8 million, according to the recently approved financial report, whose results were published by business daily ItaliaOggi. The highest contribution came from Nickelodeon (€13.7 million), followed by MTV (€12.7 million) […]
Altice is scoping a bid for number two US cable operator Charter Communications, according to reports. CNBC claims Altice is working with banks to finance a cash and shares offer. Altice would reportedly seek to finance a large part of the deal with debt, but it is by no means certain Liberty Media, which owns […]
David Williams, the much-criticised CEO of London-based satellite operator Avanti Communications, is stepping down. The company say that Alan Harper, a board director, has moved into the position while a “comprehensive search” for a successor to Williams is sourced. Williams leaves immediately. Paul Walsh, Avanti’s chairman, in a very brief statement to the London Stock […]
21st Century Fox reported lower fourth-quarter profits despite gains at its cable programming operations. Net income fell 16 per cent to $476 million (€406m), down from $567 million. Revenues rose 2 per cent to $6.75 billion in the quarter. Operating income increased 19 per cent to $1.44 billion at the company’s cable network programming unit. […]
According to reports, James Murdoch says he is confident that the 21st Century Fox bid to acquire the assets of Sky that it does not already own will be approved, but more likely early next year than in 2017. UK’s Culture Secretary Karen Bradley said she was “minded” to refer the almost deal to the […]
Multinational cable, fibre, telecommunications, content and media company Altice has entered into several agreements relating to the acquisition of its telco subsidiary SFR Group shares through exchanges against Altice N.V. common shares A. These agreements ensure the holding by the Altice group of 95.9 per cent of the share capital and voting rights of SFR […]
PCCW Media is introducing Hony Capital (Hony), Foxconn Ventures (Foxconn) and Temasek as investors of PCCW International OTT (Cayman Islands) Holdings Limited (PCCW OTT), raising $110m. This strategic investment will strengthen PCCW OTT’s ability to enhance its core value proposition of relevant content including distinctive original productions, and to continue to deploy the latest technologies […]
The UK’s Department for Digital, Culture, Media and Sport (DCMS) has written to regulatory body Ofcom under section 106B(2) of the Enterprise Act 2002, seeking further clarification in relation to representations made on the Secretary of State’s referral decision in respect 21st Century Fox’s bid to acquire the remaining shares in Sky it does not already […]
India’s Ministry of Information & Broadcasting (MIB) says the nation’s official channel count now stands at 890. The ministry added nine new licences in July 2017. The new licences went to seven non-news services and two for news channels. Prashant Chothani, who is already active internationally with his TravelXP travel and lifestyle channel has been granted […]
In a move that will eventually see it end its distribution agreement with Netflix, The Walt Disney Company has agreed to acquire majority ownership of direct-to-consumer streaming technology and marketing services, data analytics, and commerce management specialist BAMTech, announcing plans to launch its ESPN-branded multi-sport video streaming service in early 2018, followed by a new […]