M&A


Ten creditors choose CBS over Murdoch

CBS Corp will be the next owner of Australia’s Network after creditors accepted its offer. Lachlan Murdoch and business partner Bruce Gordon had tabled a rival offer in a bid to derail CBS’s previously agreed deal for Ten, but this has come up short. Unsecured creditors met yesterday to decide what deal to accept, and […]

Murdoch & Gordon fail to stop CBS’s Ten deal

Lachlan Murdoch and Bruce Gordon have failed in their attempt to stop US broadcaster CBS buying troubled Australian channel Network Ten. The pair had attempted to halt a crucial creditors meeting that will decide whether CBS Corp. can move ahead with its A$201 million (US$161 million) deal, but have seen this rejected in court. Administrators […]

Murdoch attempts to derail CBS deal for Ten

Lachlan Murdoch isn’t giving up on Network Ten just yet. While his brother James was playing politics in the UK over 21st Century Fox’s stuttering deal for Sky, Murdoch has launched a new bid to buy struggling Australian channel Network Ten. Earlier this week, the Australian government relaxed rules that stopped Murdoch from owning a […]

Viacom buys Italian net, half of DeA’s Super!

Viacom International Media Networks (VIMN) has acquired an Italian digital free-to-air frequency in order to launch Spike locally, and a 50% stake in kids channel Super!. One agreement, with Scripps Networks Interactive, will see Viacom acquiring the LCN 49 network ahead of launching male-skewed Spike in Italy by the end of October. The other deal […]

Bell takes Wow stake in equity swap deal

Canada’s Bell Media has taken a 12% stake in compatriot kids company Wow! Unlimited Media as part of an equity swap agreement. The deal sees Wow acquiring a Category B specialty network licence from Bell in exchange for an equity stake worth C$6.87 million (US$5.64 million). This will see Wow launching a branded linear network […]

Kew completes first deals since Content rebrand

UK-based distributor Kew Media has unveiled its first sales since rebranding from Content Media Corp. The company has sold broadcast rights to the upcoming Emmy Awards to 200 territories. This comes after the Toronto-based Kew Media Group earlier this month unveiled a rebranding of its sales arm under the Kew moniker. That followed Kew’s February […]

CEO brushes off Comcast concerns

NBCUniversal (NBCU) parent Comcast is in rude health despite a recent stock price drop, according to its CEO. Comcast’s market cap recently fell around US$16 billion after a predicted loss of up 150,000 video customers in Q3 was revealed. Those losses were in part was related to Hurricane Irma battering Florida and Texas, and the […]

Content becomes Kew Media

Content Media Corp has rebranded as Kew Media Group. The switch comes nearly seven months after Canada-based Kew acquired Content and six production companies for a combined C$104.1 million (US$85.3 million). A note issued today said the rebranding reflected “the evolution of our company and its alignment with the larger group”, alluding to “exciting and […]

Keshet buys German prodco Tresor

Keshet International has made its first company acquisition, buying German producer Tresor TV Produktions. The deal, financial terms of which were not revealed, marks “a new frontier” for Keshet Media Group’s international arm, according to KI CEO Alon Shtruzman. Best known as an unscripted producer of local versions of Top Model, DIY SOS and Popstars, Tresor will […]

ITV buys French drama group

UK broadcaster ITV has acquired control of Tetra Media Studio, the French prodco behind drama series Profilage and Un Village Français (pictured). Tetra becomes the latest French production entity to a major European broadcaster, coming just over a year after Profilages network TF1 controversially acquired Newen Group. Buying a majority stake in Tetra gives ITV […]