German pay TV operator Premiere has invested in auction channel 1-2-3.tv einsteigen. For a reported €10 million, according to German magazine Der Spiegel, the investment buys 14.4% of the company, which was founded in 2004. Yearly turnover is €67 million, not enough to turn a profit.
Green light for RTL acquisition of Talpa assets
August 13, 2007 21.22 Europe/London By
The Dutch competition authority NMa has given the green light for the acquisition of a number of Talpa TV assets by RTL Nederland. These include the rights to Dutch Eredivise football and a number of formats carried by Talpa’s Tien (10) channel. RTL will also take control of Talpa’s Radio 538, the most listened to [...]
UPC Austria acquires Telesystem Tirol
August 13, 2007 20.40 Europe/London By
UPC Austria said it has acquired cable network Telesystem Tirol for an undisclosed sum from the Moser Holding, a family owned business with interests in newspapers, online, printing plants and radio stations. The system serves about 50,000 homes in the area between the municipalities of Zirl and St. Johann in Tirol and employs 69 people. [...]
New channels drive TDC growth
August 13, 2007 09.28 Europe/London By
TDC Cable TV both helped and hindered its parent company in the second quarter. The division was able to deliver more customers and a higher ARPU, but higher programming costs, from the introduction of new channels, and greater staff numbers impacted on revenues. Customer revenues for the period ending June 30, 2007 stood at DKr708 [...]
Virgin could extend brand to Numéricable
August 13, 2007 09.08 Europe/London By
Virgin Media is exploring the possibility of extending its brand to continental Europe. According to The Times, Virgin Group is in talks with Numéricable over the possibility of taking the Virgin name. Numéricable is now the dominant cable operator in France derived from private equity group Cinven from interests previously held by France Telecom, Canal [...]
Vivendi denies Sogecable interest
August 10, 2007 09.19 Europe/London By
French media conglomerate Vivendi has issued a strong rebuttal of reports that it was preparing a bid for the Spanish pay-TV operator Sogecable. London-based The Business reported Vivendi was preparing a €4 billion break up of the company. “Vivendi categorically denies the allegations, that have appeared in the press, that it is preparing an offer [...]
Intelsat reports Q2 2007 results
August 9, 2007 11.58 Europe/London By
Intelsat, Ltd., the world’s leading provider of fixed satellite services, today reported results for the three and six month periods ended June 30, 2007. Results for the second quarter of 2007 reflect the impact of the July 3, 2006 acquisition of PanAmSat Holding Corporation, which was subsequently renamed Intelsat Holding Corporation. Intelsat reported revenue of [...]
Vivendi turns attention to Sogecable
August 9, 2007 08.53 Europe/London By
Shares in Sogecable, the Prisa-owned operator of the Digital+ DTH platform climbed this morning after UK press reports linked to the French media conglomerate Vivendi. According to The Business, Vivendi has instructed its advisors to consider a €4 billion break up of the firm. Sogecable has come under pressure since Mediapro acquired the rights to [...]
Sky Italia passes 4.2m subs
August 9, 2007 07.26 Europe/London By
Sky Italia has reported a fourth quarter operating income of $71 million (€51.47m), the 85% increase almost double that of one year ago, and making a significant contribution towards the full year figure of £221m. The full year represents an improvement of $182m from the $39m one year ago. The past 12 months has seen [...]
Narrowstep completes $10.5 million equity financing
August 8, 2007 21.37 Europe/London By
Narrowstep, the TV on the Internet company, announced that it has completed a private placement of its common stock and warrants resulting in gross proceeds to the company of $10,510,000. In this placement, the company issued 42,040,000 shares of common stock and five-year warrants to purchase an additional 21,020,000 shares of common stock at an [...]
