Tribune Co. has reached a deal to buy Local TV Holdings LLC's 19 TV stations for $2.73 billion in cash, significantly boosting its television business as it looks to sell its newspaper operations. The company said the acquisition makes it the No. 1 local TV affiliate group in America.
The MSO’s Summer of Kids has a dual purpose. First, it is aimed at driving viewers to its on-demand library of family-friendly content. The company is using the occasion to introduce a set of search and discovery features. Comcast is also opening its Wi-Fi network to all comers for two weeks.
Comcast Business has hired Matt Fassnacht as the new vice president of its Western Region. Prior to joining Comcast, Fassnacht worked for Cox Business in Las Vegas where he oversaw product development, marketing, sales, technical engineering and design, installation and account management.
Dish was far from winning over Clearwire investors to its offer anyway. Sprint earlier this month announced that Clearwire had accepted Sprint’s raised bid of $5 per share to buy out Clearwire, a deal that values Clearwire at approximately $14 billion and represents a 47 percent premium over Sprint’s previous offer of $3.40 per share.
Washington D.C.—based 1776 has picked Comcast Business as its exclusive network services partner for the 1776 Campus, which is an incubation space and events venue for emerging startups. With the agreement, 1776 tenants have access to Comcast Business’ Ethernet, Internet, voice and video services.
Deluxe Digital Distribution introduced the Deluxe OnDemand Multiscreen-Ready video catalog service. Deluxe Digital Distribution’s SVP of Sales and Marketing, Chris Rittler, explains how the company’s cloud-based solution simplifies and automates workflows to access, distribute, and manage on-demand video content in a multiscreen environment without the costs and headaches.
Cycle30 started life as the back office development operation within GCI. Cycle30 VP of sales Jeth Harbinson, explains how the company is expanding to support new products and applications, including machine-to-machine (M2M) connectivity.
A package of tax changes added to the state budget would increase the state sales tax and apply it to digital products, such as MP3s, e-books and videos bought on the Internet. The sales tax wouldn't apply to any video programming that's included in a cable service package, but viewers could expect their Netflix and Hulu Plus subscriptions to be taxed.
A network operator in Hong Kong is upgrading its Wi-Fi network to the latest generation of the wireless technology, 802.11ac, using Cisco’s service provider Wi-Fi products. PCCW-HKT plans to deploy the Cisco Aironet 3600 Series wireless access point. Using the 802.11ac standard, the Aironet 3600 Series is able to support up to 1.3Gbps of throughput.
sterday in the Denver suburb of Centennial, Time Warner Cable broke ground on expanding its National Data Center West facility. The expansion comes with a price tag of $85 million and the revamped data center is slated to go live in January of 2015.
AT&T has added Boston, Cleveland, Detroit, Portland and San Antonio to its list of markets that now offer the telco’s home automation and security service. With the latest additions, AT&T's Digital Life will be available in 27 markets, with plans to introduce the service in up to 50 markets by the end of this year.
Vecima Networks said Sumit Kumar will become CEO of the company effective August 1. With Vecima since 1995, Kumar has been consistently promoted since joining the company, from vice president corporate strategy (2006-09), to executive vice president (2009-11), to president (2011-13).
The German service provider has upgraded its ATM network using systems from Ericsson as a migration path to an all-IP network. Media Broadcast said the upgrade gives it a highly flexible solution for unified video, audio, data and voice transmission capabilities.
Delivery Agent hopes to boost T-commerce activity by forging a relationship with one of the masters of Internet-based commerce, PayPal. The idea is to induce PayPal merchants to take advantage of Delivery Agent’s existing relationships with service providers and consumer electronics companies to offer coupons, requests for information (RFIs) and the ability to make direct purchases.
The Malaysian company has activated a global CDN service that can deliver both live and on-demand content and can also perform ad insertion on behalf of clients, including over the top (OTT), web TV, and mobile service providers. Technology partners include SeaWell Networks, Elemental Technologies, Minerva, Verimatrix, and VuBiquity.
Zeebox is using Digitalsmiths’ video discovery technology, called Seamless Discovery, across all platforms that the former supports. The range of second-screen applications now includes search and discovery; the Zeebox "Recommended For You" feature delivers personalized recommendations based on individual viewing behavior.
Healthcare provider ProMedica has selected Telesystem for its latest network expansion. The nonprofit healthcare system was in need of additional network and storage capacity, given the increasing amount of multimedia information required to be accessed and pushed from one facility to another.
The hotels and hospitality sector is heating up among service providers with Dish Networks the latest company to join the fray. This morning Dish announced the launch of its Smartbox platform, which can provision HD and SD channels in every hotel room through one unit.
Britain's Vodafone PLC has launched a takeover bid for Germany's biggest cable operator, Kabel Deutschland, as part of its push to dominate media services in its biggest market. Vodafone, a British cellphone company with wide international interests, confirmed Monday it will offer 87 euros per share for Kabel Deutschland.
Some U.S. cable operators continue to be agitated that Netflix isn’t paying them for using their pipes, and John Malone, who just sank a whole lot of money into Charter Communications, has thrown in with them. And by the way, Glenn Britt is not interested in selling Time Warner Cable to Charter.
Sprint today announced that Clearwire has accepted Sprint’s raised bid of $5 per share to buy out Clearwire. The new deal values Clearwire at approximately $14 billion and represents a 47 percent premium over Sprint’s previous offer of $3.40 per share. Clearwire’s board has accordingly adjusted its recommendation and is advising shareholders to vote against Dish’s competing tender offer of $4.40 per share.
Aslam Khader has joined Elemental Technologies as chief product officer, hired to drive product strategy and help scale product development as the company continues its expansion. Khader brings more than 25 years of tenure in the interactive TV and digital rights management space to his role at Elemental.
The company said it will cut back on research in older technologies and focus on its most promising sectors, such as Internet routing and cloud systems, to address the explosive growth in bandwidth-hungry data traffic. The new plan will include layoffs, site closures and outsourcing of some manufacturing.
Sprint has filed a complaint against Dish and Clearwire, asking the courts to put the brakes on Dish’s tender offer to Clearwire. Sprint said “DISH has repeatedly attempted to fool Clearwire’s shareholders into believing its proposal was actionable in an effort to acquire Clearwire’s spectrum and to obstruct Sprint’s transaction with Clearwire.”
Home services – packages that include some combination of home automation, home monitoring, and home security – have a long way to go before they rival any of the other elements in the residential bundle in terms of revenue. But the potential is there and initial indications are highly encouraging.