Cable TV

Fox or Time Warner, who will blink first? Time Warner changes bylaws

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/07/22/Jeff%20Bewkes_2012_Headshot.jpg?itok=ZhEHUJlm

BENGALURU: Reports fly thick and fast, some speculation, some part truth across the global media about the aftermath of Time Warner’s rejection of Twenty First Century Fox (Fox) unsolicited merger bid. What will the 83 year old tough as nails Fox ‘patriarch’ Rupert Murdoch do next? Known for his bulldogged tenacity once he sets his sights on a company, what and when (and not will it) will Fox up the ante to a reportedly manageable USD105 per share.

Time Warner has in the meantime initiated evasive action to thwart attacks on its soft underbelly by eliminating a provision in its bylaws that earlier could let just 15 per cent of its shareholders call special meeting, so as to prevent it being forced to consider the Fox offer in case Fox resorts to this measure to force the issue. The bylaws now say that the CEO or a majority of the board can call a special meeting.

There is a quiet buzz of Time Warner’s CEO Jeff Bewkes alleged animosity towards Murdoch and his hierarchical management bent. Under expert hatchet man Bewekes leadership, Time Warner has chopped the unwieldy behemoth created by the largest media deal ever by the AOL-Time Warner merger in 2000-01, and has delivered a total shareholder return of more than 150 per cent since 2008, almost tripling the return of the S&P 500 over the same period.

Speculation is rife about Fox paring off its wholly-owned Sky Italia unit and its 57 per cent stake in Sky Deutschland AG to British Sky Broadcasting Group Plc., within the next two weeks for about USD 13 billion. US banks JPMorgan & Chase Company and Goldman Sachs Group Inc., will probably help Murdoch finance the bid say pundits. Fox and the British Sky Broadcasting Group had disclosed their talks about a possible transaction in May this year.

For now, Fox’s bid has probably kept at bay bids from Time Warner’s suitors such as Google among others, unless of course, Google/others can better the approximate USD85 per share offer made by Fox.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/17/mib%20%281%29.jpg?itok=w9Hpa4Ke
Odisha MSO sealed for showing unauthorised channel

Mahaveer Digital, a multi-system operator in Odisha, has been sealed by the concerned authorities for telecasting an unauthorised television channel.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/17/Sunil%20Bharti%20Mittal-800x800.jpg?itok=IU-iFVbe
MSOs among Top 5 fastest net providers, telco Airtel leads the pack

MUMBAI: Cable TV companies have begun featuring in the country's top five companies that lead in providing the fastest internet speed and downloads. Although lead by the top telecom company Bharti Airtel, the cable TV companies in the fast-net list are -- 7 Star Digital and Hathway, according to...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/16/Hiren_Gada-T_Panesar.jpg?itok=vohzeeQS
Premium VAS: Shemaroo, Hathway tie up

MUMBAI: Shemaroo Entertainment Ltd, one of the leading content owners, is joining hands with Hathway, one of the largest cable networks to change the dynamics of TV viewing in India.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/15/VD%20Wadhwa-800x800.jpg?itok=sdEYqDy0
Siti subs rev up; one million subs migrate to pre-paid billing

BENGALURU: The Subhash Chandra-led Siti Networks Limited (Siti) formerly known as Siti Cable Network Limited, reported 40 percent growth in subscription revenue for the nine month period ended 31 December 2016 (9M-19, YTD) which the company says was Rs 408 in its earnings release.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/13/Bibhu%20Rath%20%281%29.jpg?itok=He71HOix
Analysis: Ortel Q3 numbers take a hit

Despite a 6.5 percent year-over-year (y-o-y) increase in Total Income from Operations (TIO), the Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported a net loss for the quarter ended 31 December 2016 (Q3-17, current quarter) as...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/13/Bibhu%20Prasad%20Rath-800x800.jpg?itok=cIfpPEcV
Ortel 9M FY17: Cable TV rev grew by 35pc, broadband by 18pc, income by 12pc

MUMBAI: Ortel Communications Limited (Ortel), one of the leading cable television and high speed broadband service providers focused in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Telengana, West Bengal and Madhya Pradesh, announced its financial results for the quarter and nine-...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/09/rajan-gupta%20%281%29.jpg?itok=K62w5Ajf
Hathway revenue and operating profit up in third quarter

Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 25.5 per cent growth in Total Income from operations (TIO) and 46 percent growth in operating profits (EBIDTA) for the quarter ended 31 December 2016 (Q3-17, current quarter). The company reported TIO of Rs 337....

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/09/panesar%20%281%29.jpg?itok=k_Oi5BLz
Hathway launches ad-free value-added service

Hathway Cable and Datacom have announced the launch of a new segment– Hathway Special under its cable business. The service is currently available to only DTH subscribers. For all the Hathway subscribers, the ad-free service will be offered for a free preview starting from 9 February for 30 days.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/08/inside%20%281%29.jpg?itok=3RAM2jax
No going back on DAS despite difficulties in P-IV: MIB

NEW DELHI: Even as he admitted the fourth phase of digital addressable system for cable television was the most difficult, advisor (DAS) in the information and broadcasting ministry Yogendra Pal has said there is “no going back on the deadline of 31 March 2017.”

Cable TV DAS

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories