BET Holdings, which owns Black Entertainment Television, is reportedly chewing on an offer from Viacom to acquire its networks. Hoping to add to its smorgasbord of music and video services, Viacom has offered long-time chairman Robert Johnson $3 billion for the whole enchilada. Johnson owns approximately 60 percent of BET networks.
Japan's recently deregulated telecom market is apparently too good an opportunity to pass up. UK-based Cable and Wireless plans to spend about $1.4 billion to build an optical fiber network connecting 80 Japanese cities over the next five years. The company plans on building a network of cable "loops" linking office buildings in Osaka and Tokyo, and to triple the size of the carriers' data center.
News Corp. has looked at the market and doesn't like what it sees. Originally planning to take part of its global satellite businesses public in November, the company has postponed the sale because of market conditions. The company was going to place Sky Global Networks on the block. Rupert Murdoch, chair of News Corp.
TiVo beat the Street and recorded losing less money than expected. Third-quarter earnings showed a loss of only $1.72 per share, instead of the $2.31 per share Wall Street predicted. TiVo also recorded a subscriber gain from 48,000 to 73,000. During 3Q, the company inked a deal with satellite carrier DirecTV to market the service, and also cut a deal with AOL to provide TiVo services to AOLTV s...
The Sunday deadline has come and gone and fans of ABC in parts of New Jersey, L.A., Chicago, Toledo and Flint, Mich. still have their signal, though no one knows for how long. Disney and Comcast, the two sides in this latest retransmission feud, insist they're still talking and if the ABC signal gets dropped, well, it certainly won't be Disney's/Comcast's' fault.
Smaller business customers need security too, so Time Warner is sharpening its focus on small and medium business market needs. The MSO will deploy new business services using Cisco commercial cable networking technology. Companies in the Tampa, Fla., region will be able to snap up remote Internet access, VPNs and firewalls from TW.
Good news for you if you are part of the SOHO community. Panasonic has introduced its new Broadband Networking Gateway, which creates a network that can connect up to 32 computers in the SOHO environment, as well as adding high-speed Internet access with firewall protection. Any printers, scanners, programs or files can also be shared on the network.
Oracle, the largest e-business software provider, has exchanged some of its technology and other assets from its iTV division for minority equity stakes in nCUBE and Thirdspace. nCUBE is a media streaming infrastructure supplier and London-based Thirdspace creates end-to-end solutions for broadband networks.
A new company is emerging from the L.A. basin. Offering voice, video and data to the city of angels, Altrio, a broadband service provider, hopes to do one thing and do it well for its future subscribers. Dave Large, CTO, told CEDaily Direct about the company's vision and goals. "Why L.A.? It's a very big place, and I don't mean that flippantly," Dave Large, CTO of Altrio, told CED.
Big daddy Microsoft has finally priced its new TV-based product so the must-haves among us can price it into our consumer spending/debt budgets. For only $9.95 a month, all suburbanites, and some urbane wannabes, can subscribe to UltimateTV and receive 35 hours of digital video recording, interactive TV and three hours of Internet access.
A Comcast and Disney programming dispute could lead to a blackout of ABC for some major U.S. markets, and actually cause subscribers to use rabbit ears if they want to tune in their favorite "Millionaire" show. In retransmission negotiations, Disney, who owns ABC, wants Comcast, the third-largest cable company, to offer ToonDisney and SoapNet in addition to the Disney Channel to basic service s...
Pace is the first to develop digital set-top boxes (home gateways) that will assist telecommunications companies in the U.S. to deliver high-quality video and interactive services over their existing copper wires. This is the first time a box with these capabilities has been available in the U.S. Pace's new DSL4000 digital home gateway is now compatible with the U.
A Japanese consortium of four companies has decided to bring broadband network services to the masses via cable TV. Fujitsu, trading house Marubeni, Tokyo Electric Power and security company Secom have thrown in $295.7 million and plan to start delivering services in April, 2001. The group will make good use of Nifty Corp, the largest ISP in Japan, and owned by Fujitsu, as well as the optical f...
In addition to meeting the Street's expectations of increased profits, WorldCom plans to reinvent itself as a "data and Internet focused, high-growth business and a voice-based, high cash flow business." WorldCom's plan to evolve into this new entity will focus on its data and Internet operations and try to protect itself from price wars and competition in the long-distance market.
Motorola is teaming up with Irish Internet security company Baltimore Technologies to combine Baltimore's software with the U.S. group's mobile phones and other wireless devices. The two companies hope the alliance will help Motorola's customers worldwide to benefit from the security and authentication features provided by Baltimore's wireless e-security technology.