Comcast saddles up for Fox hunt

Comcast’s statement this week that it is in “advanced stages of preparing” an all-cash offer for the 21st Century Fox assets promised to Disney presents a fresh headache for the Murdoch clan. Already facing a challenge from Comcast in the shape of its competitive bid for Sky, which in turn could complicate the Disney agreement, […]

Comcast in ‘advanced stages’ of preparing all-cash offer for Fox

Comcast has confirmed that it is considering making an all-cash offer for the Fox assets that have been offered to Disney for US$52billion (€44 billion). In a statement, the corporation confirmed that it is, “considering, and is in advanced stages of preparing, an offer for the businesses that Fox has agreed to sell to Disney.” […]

Boost for Comcast’s Sky bid as Hancock ‘not minded’ to intervene

Comcast has received a boost in its bid for Sky as UK secretary of state for culture, media and sport Matt Hancock has said he is “not minded” to intervene. While the UK Enterprise Act grants Hancock the power to intervene in media mergers on public interest ground, he said that the evidence presented so […]

Comcast ‘preparing’ potential new bid for Fox

Comcast is reportedly preparing a new bid for 21st Century Fox. Separately, the US cable and programming giant has notified the European Commission of its bid for Sky, according to reports. According to Reuters, Comcast has asked investment banks to extend a debt facility to the company by as much as US$60 billion (€50 billion), […]

Sky Sports launching new dedicated horse-racing channel

Sky Sports is launching a channel dedicated to horse racing, the latest in a series of channel launches dedicated to specific sports. The new channel, Sky Sports Racing, will replacing existing offering At The Races, and will be available to every Sky TV customer in the UK and Ireland at no extra cost. The channel […]

Comcast and Disney: rival suitors for Sky

Comcast this week came good on its promise of a bid for Sky, throwing a spanner in the works of 21st Century Fox’s moves to consolidate the pay TV operator ahead of its own acquisition by Disney. The £22 billion (€25 billion) bid means it is now far from clear how Fox’s plans will pan […]

Comcast makes £22bn cash bid for Sky

Comcast has made a firm cash offer for Sky that values the pay TV operator at £22 billion (€25 billion), with a commitment to maintain annual expenditure on Sky News for at least 10 years and to establish an independent editorial board for the channel. The announcement, which accompanied Comcast’s Q1 results, puts the US […]

Sky overtakes P&G as UK’s biggest traditional advertising spender

Pay TV operator Sky has overtaken Procter & Gamble as the biggest spender on traditional advertising in the UK in 2017, according to data released by audience ratings agency Nielsen. According to Nielsen, Sky increased its year-on-year advertising spend by 2.7% to £197.1 million (€224.5 million), while Procter & Gamble’s spend dropped 1.4% to £196.8 […]

Sky sells 20% stake in Sky Betting & Gaming

Sky has agreed to sell its 20% stake in the online betting and gaming business, Sky Betting & Gaming, to Canadian online gaming firm The Stars Group. The deal will see Sky receive roughly £425 million cash and 7.6 million newly issued shares – approximately 3% of The Stars Group – post-completion of the deal, […]

Netflix: another stellar quarter in an evolving competitive landscape

Netflix delivered a stellar set of quarterly results this week, growing its streaming revenues by 43% year-on-year and adding 7.41 million subscribers, beating expectations. Unsurprisingly, the results boosted the SVOD giant’s share price. However, questions continue to be asked about the sustainability of Netflix’s growth trajectory. The company says it expects negative cash-flow to the […]

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