ARD and ZDF to cut internet activities

German public broadcasters ARD and ZDF are to significantly reduce their internet activities as a result of a new German inter-state treaty on broadcasting, according to local press. ZDF has said it will cut its internet activities back by 70-80%, while ARD did not give specific details of its plans, according to a report in […]

Kudelski criticises OpenTV’s acquisition rejection

Swiss-based technology firm Kudelski said it was “disappointed” by the decision made by a committee set up by interactive TV specialist OpenTV to reject its offer to acquire the company. Kudelski, which already owns a significant stake in OpenTV, made an offer worth US$127m (€90m), or US$1.35 per share, in February. However, the Special Committee […]

Prisa and Mediapro to create holding company

Spanish media firm Prisa and local production company Mediapro are in talks to create a new holding company that will incorporate both companies’ assets. The rivals have been fighting legal battles over the years regarding control of Spanish soccer rights, but this move would the two parties merge and create a much larger consortium. The […]

Vectra cuts contract periods in response to downturn

Polish cable operator Vectra has changed its subscriber contract terms in response to the economic downturn. Vectra has shortened the 12-month contracts of some internet subscribers to nine months, while longer 24-month contracts have been shortened to 18 months. Vectra said it would also offer special terms to subscribers who lost their jobs as a […]

Channel 4 signs YouTube sponsorship deal

UK broadcaster Channel 4 has signed its first cross-platform sponsorship deal to include pre-roll ads and banners on YouTube with Lucozade. Lucozade will run ads around the Big Brother series on YouTube’s Big Brother channel from today. According to YouTube, the deal is the first time a UK TV sponsor is also sponsoring the same […]

PMPG in talks to acquire TV Puls

Polish media company Platforma Mediowa Point Group (PMPG) is in talks to acquire a majority stake in local broadcaster TV Puls. The channel, which was launched in 2001, was originally owned by the Franciscan Order of Monks and subsequently News Corp. CEO Dariusz Dabski told local press that it has received two binding offers for […]

Fantasy launch for Portland

Adult TV specialist Portland TV has announced the launch of a new erotic pay-TV channel for the European market. Portland TV has begun test broadcasting of Fantasy, which will eventually broadcast for six hours each night from 23:00 to 05:00 CET. The channel will target men, women and couples and will include “high quality film […]

News Corp confirms Carey to replace Chernin

News Corp has confirmed the appointment of DirecTV CEO Chase Carey as deputy chairman, president and chief operating officer, replacing Peter Chernin when the latter steps down on July 1. Carey, whose return to News Corp has been widely rumoured in recent days, will oversee all of the media giant’s global operations, reporting to chairman […]

Accedo launches games on Meo

TV gaming company Accedo Broadband has launched a gaming service on Portugal Telecom’s IPTV service Meo. Two game services are available from launch, including one aimed at children. Accedo said it would add new games on a regular basis, depending on user interest.Accedo’s gaming services are available to four million households in more than 25 […]

Virgin closes US$1bn equivalent of Senior Notes

Virgin Media has confirmed the closing of a US$1bn (€706m) bond offering due in 2016. The bond is made up of a US$750m tranche and a €180m tranche bearing interest at rate of 9.5% per annum. CEO Neil Berkett said it demonstrated “the confidence investors have in our business and growth prospects”.