Byron Allen storms to $300m Weather Channel acquisition

Byron Allen’s Entertainment Studios has acquired The Weather Channel for US$300 million. Allen (pictured) has acquired the assets of the US cable network, collectively The Weather Group, through his Allen Media firm. The Entertainment Studios chairman and CEO bought the network from The Blackstone Group, Bain Capital and NBCUniversal. The deal hands the cable entrepreneur […]

US cable posts strong start to 2015

US cable delivered a stronger performance in the first quarter of this year, losing only 132,900 subscribers, but the number of homes without any form of pay TV subscription is expected to continue to grow over the next five years, according to research by IHS. According to the research group, pay TV operators have improved […]

US cable ‘needs to change’ in face of industry shift

Cable TV is a “legacy model” that is “under threat” meaning US cablers need to change the way they offer television services, according to new research. US mobile technology company Marchex analysed data from over a million calls to to US cable companies to shed light on what consumers are willing to pay for. Noting […]

Liberty boss says Murdochs approve of Virgin deal, dismisses Netflix threat

Rupert and James Murdoch both approve of Liberty Global’s takeover of Virgin Media and understand the need for competition in the UK market, LGI’s CEO Mike Fries said late yesterday. Fries added that under LGI’s control, Virgin Media will not compete with BSkyB for premium sports rights. In a keynote address at the Cable Congress […]

IPTV eats into cable and satellite TV market share in Canada

Almost 10% of pay TV subscriptions in Canada are to an IPTV service, according to the latest figures. In the third quarter of 2012, 9.6% of all pay TV subscriptions were to IPTV services, compared with 6.6% in the same period a year earlier and just 1.6% in 2007. Analysts at research outfit HIS predict […]