As expected, AT&T is to sell off a slice of DirecTV to TPG and spin off the company to a new business. Private equity firm TPG will then own 30 per cent of the new entity with AT&T holding on to the balance. The deal is expected to close in the second half of this […]
There are unconfirmed reports that TPG (the former Texas Pacific Group) is to take a significant but minority stake in AT&T’s DirecTV business. Reuters reported that discussions were at an advanced stage some weeks ago, and the stake is understood to include AT&T’s TV NOW and U-verse offerings. CNBC and Bloomberg are both reporting on […]
The number of pay-TV subscribers in Canada and the US will fall by 43 million from 116 million in the peak year of 2010 to 74 million in 2026, according to Digital TV Research. The US will lose 41 million, with Canada down by nearly 2 million. The number of pay-TV subscribers plummeted by 27 […]
California Democrat Representatives Anna Eshoo and Jerry McNerney have written to cable, satellite and streaming companies calling on them to better combat disinformation – and they name Fox News, Newsmax and One America News Network as culprits. Both signatories are both on the powerful House Energy & Commerce Committee. The letter doesn’t call for the […]
AT&T has posted a $13.9 billion (€11.5bn) loss in the fourth quarter, as the owner of Warner Bros and HBO took a big Covid-19 hit with $650 million in charges. But this is dwarfed by the group’s decision to accept a $15.5 billion charge on its pay-TV business, as subscribers cut the cord. The only […]
Whip Media, the enterprise software platform provider for global content licensing, has announced that Paul Hastings has been promoted to SVP of Global Sales, effective immediately. In this newly created role, he will lead the company’s global sales strategy and oversee the global sales team. He is based in London. Most recently, Hastings served as […]
TPG, the former Texas Pacific Group, is in exclusive talks to acquire a stake in AT&T’s DirecTV. TPG Capital is a private equity investment giant headquartered in San Francisco. Multiple reports say that TPG is now in the lead to make a move on AT&T’s DirecTV, although news sources differ in the possible size of […]
The FCC has wrapped the main phase of bidding in its Auction 107 for C-band frequencies over the US which will be used for 5G telephony. Winners will now take the next stage and bidding for frequency-specific licences during the ‘assignment phase’ of the auction. The end-result even exceeds the most optimistic guesstimates from the […]
The Partnership for Responsible Addressable Media (PRAM) has extended an invitation to the advertising and media industry to contribute addressability code for collaborative development. All proposed contributions must be operational, support the advancement of new addressability and accountability standards, and fuel commercial innovation. They must also align with several principles based on those announced at […]
There are evidently plenty of areas still open to bids in the FCC’s Auction 107. Indeed, news emerged on January 12th that AT&T is discussing a $14 billion bank loan to fund buying more 5G spectrum. Monday’s (January 11th) five sessions saw $118 million added, taking that gross total to $80.775 billion. The five sessions […]