US local broadcast giant Tegna agrees multi-billion dollar sale

US broadcaster Tegna has announced a US$5.4 billion deal to sell itself to a pair of private equity firms.  The deal will see Standard General and Apollo Global Management acquire the broadcaster for US$24 per share. The transaction has an equity value of approximately US$5.4 billion and an enterprise value of approximately US$8.6 billion, including […]

US broadcasters commit to ATSC 3.0 launch in 2020

A powerful group of US broadcasters, representing stations owned by the likes of Fox, NBC and Telemundo, have come together to support the introduction of ATSC 3.0 from 2020. The US next-generation broadcast TV standard, which is similar to HbbTV developments in Europe, is designed to enhance over-the-air services for viewers while bringing together broadcast […]

Whistle Sports closes funding round with investment from Sky, NBC

YouTube multichannel network (MCN) Whistle Sports has closed its Series C funding round, taking investment from Sky, NBC Sports Ventures and others. The round, which raised an undisclosed amount, also saw contribution from marketing firm TEGNA and private investment firm Emil Capital Partners. Both Sky and Emil were return backers, having invested in the firm’s […]