Promotora de Informaciones SA, better known as Prisa, has offered €2 billion for the remaining shares in Spanish pay-TV operator Sogecable. Prisa is offering €27.98 per share, some 5.6% more […]
BSkyB should reduce ITV stake
The Competition Commission has made public its recommendations on BSkyB’s 17.9% stake in ITV. The Commission says that BSkyB should be forced to cut its stake in the commercial broadcaster […]
Shares suspended amid Sogecable-Prisa bid rumour
Shares in the Spanish media group Prisa and the pay-TV operator Sogecable were suspended this morning, according to the stock market regulator CNMV. In recent weeks speculation over a possible […]
Virgin Media hires new SVP finance
Virgin Media has announced that Charles Gallagher is to become the cablenet’s new senior vice president – finance. The move means Gallagher will resign from the board of directors of […]
Philips to sell STB division to Pace
UPDATE: Philips today announced it has reached an agreement in principle to sell its Set-Top Boxes and Connectivity Solutions businesses, currently part of its Home Networks business unit within the […]
Pace suspends shares amid takeover talk
Pace Micro Technology has confirmed the company is in advanced discussions over an acquisition that under stock market rules would be classified as a reverse takeover. A statement from the […]
Dutch Liberty TV files for protection
Tomorrow, the Dutch travel channel Liberty TV will file for suspension of payments with an Amsterdam court. Digital Traveller, the company that owns the Dutch licence for the channel, said […]
No comment on Sogecable-Orange link
Sogecable has declined to comment on Spanish press reports suggesting the pay-TV operator has reinitiated talks with France Telecom’s Orange over the launch of a triple play service. Sogecable already […]
Renova receives financial boost
Russia’s Renova Media is reported to have received two credits totalling R6 billion (€84.2 million) from Sberbank. The money has been earmarked for future investment, and in particular the Moscow […]
Sky waits for Competition call
BSkyB is preparing to reduce its controversial stake in commercial broadcaster ITV to around 10%. On Friday the Competition Commission sent its report to business secretary John Hutton with a […]