Hearst forces channel blackout on DISH

US satellite TV outfit DISH Network Corporation has announced after months of negotiations, the entertainment brand Hearst has pulled 37 of its local channels from the provider across 27 markets, after failing to reach an agreement on distribution rates with the company. DISH claimed Hearst had demanded “tens of millions of dollars in rate increases” […]

Disney reportedly in talks with Hearst over A+E Networks stake

Disney is in talks to sell off part of its stake in A+E Networks to Hearst, its joint venture partner for the network group. The Mouse is looking to sell off its interest in five European cable channels that are part of A+E Networks to the publishing and entertainment company, according to Variety. The news arrives […]

Iflix closes US$133m funding round led by Hearst

Emerging market SVOD service Iflix has completed a US$133 million (€113 million) funding round led by US media giant Hearst. Existing shareholders Sky, Liberty Global, Evolution Media and Jungle Ventures also increased their investments in the firm, and were joined by new backers Singapore-based EDBI and clients of DBS private bank. Iflix has now raised […]

Hearst takes majority stake in kids TV producer

New York-based media group Hearst is to buy a majority stake in children’s TV producer and distributor Litton Entertainment. The transaction is expected to close on February 1 following an agreement, terms of which were not disclosed, was struck between Hearst Television and Litton. Hearst has a range of media assets, including an ownership stake […]

VR firm Jaunt appoints Hearst exec as new CEO

Disney, Sky and ProSiebenSat.1-backed cinematic VR firm, Jaunt, has appointed Hearst executive George Kliavkoff as its new CEO. Kliavkoff joins from Hearst, where he was co-president of entertainment and syndication – the company’s largest division that is responsible for: Hearst’s cable television networks, including ESPN, Lifetime, A&E and History; television production and distribution; newspaper syndication; […]

Verizon, Hearst create mobile video JV

US companies Verizon and Hearst are partnering to create a mobile content-focused joint venture. Verizon Hearst Media Partners will target millennial audiences, initially through two channels that will be distributed across Verizon’s Go90 and AOL platforms, and through third-party networks and licensors. RatedRed.com is billed as a “multiplatform digital video channel for millennials from the […]

Hearst pays US$81m for 25% stake in Awesomeness TV

Dreamworks has sold a 25% stake in its YouTube multichannel network (MCN) Awesomeness TV to Hearst for US$81.25 million (€65.34 million). The deal, which values Awesomeness TV at some US$325 million, marks a significant return on investment for Dreamworks, which bought the MCN for an upfront payment of US$33 million last May, with additional payments […]

Vivendi approves SFR split, backs Bolloré

Vivendi has approved plans to spin off its teleco arm SFR as a separate company and has said that leading shareholder Vincent Bolloré will replace Jean-René Fourtou as chairman of the new-look Vivendi.  At the same time, the firm announced the appointment of the CEO of Hearst Magazines UK and executive vice-president of Hearst Magazines International, […]