Television

Dow Jones to terminate international ties with CNBC, retains CNBC US

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public?itok=O0F3fnj4

MUMBAI: Dow Jones & Company has announced it is ending its international partnership with CNBC. The company, however, has no plans to alter the Dow Jones and CNBC licensing relationship in the US.

Dow Jones has entered into a definitive agreement with NBC Universal to transfer its 50 per cent equity interests in both CNBC Europe and CNBC Asia (CNBC International), as well as its 25 per cent interest in CNBC World, to NBC Universal as of 31 December, 2005 for nominal consideration, informs a media release.

CNBC will assume full control of the CNBC International channels, its parent NBC Universal simultaneously announced. CNBC will acquire sole ownership of CNBC Europe and the domestic digital service, CNBC World subject to obtaining the necessary regulatory and legal approvals.

CNBC and Dow Jones have operated CNBC Europe and CNBC Asia Pacific as equal partners and Dow Jones currently has a 25 per cent interest in CNBC World.

Dow Jone chairman and chief executive officer Peter R Kann said: "We value our long and profitable relationship with CNBC. At CNBC US, we look forward to continuing it under our existing US license agreement. At CNBC International and World, we and NBC Universal have agreed for Dow Jones to exit the partnership to eliminate our share for business reasons and simplify NBC Universal's ability to deploy its assets to continue to grow these operations. We look forward to supporting NBC Universal's efforts."   

            

The Dow Jones share of losses from CNBC Europe, CNBC Asia and CNBC World totaled $17 million in 2004, adds the media release. The company will provide an update on the impact of this transaction on third and fourth quarter results during the company's second quarter analyst call on 21 July.

Kann adds: "This is the latest in a series of moves by Dow Jones to improve profits and strengthen our portfolio. We're investing in exciting new initiatives where we have strong competitive advantages such as the launch of the Weekend Edition of The Wall Street Journal, the acquisition of MarketWatch and the repositioning of our international print and online operations, and exiting those where we do not."

The company expects to record a one-time, after-tax special charge of approximately $36.7 million, or 44 cents per diluted share, in the second quarter. About $32.1 million, or 39 cents per share, will be a non cash write-off of its carrying value in the transferred assets, and the remaining $4.6 million, or 5 cents per share, is to cover its maximum after-tax cash funding commitment for the balance of 2005.

According to MarketWatch, Dow Jones shares closed ahead of the news 20 July (Wednesday) at $37.89, up 2.74 per cent and rose as high as $38 in after-hours trading.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/19/f1.jpg?itok=bHf3HxgX
Sony Pictures Networks India (SPN) extends exclusive television and digital rights partnership with ABB FIA Formula E championship

Sony Pictures Network India (SPN) will continue to broadcast each round of the ABB FIA Formula E Championship for a further two seasons across the Indian sub-continent - including India, Pakistan, Sri Lanka and Bangladesh.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/19/james.jpg?itok=kJ15Bp4y
James Gough’s innovative idea will be incubated with the intent to prototype it at Formula 1®’s Media & Technology Centre

Formula 1® Managing Director of Motorsports, Ross Brawn, and Mercedes-AMG Petronas Motorsport Driver, Lewis Hamilton, today crowned James Gough the winner of this year’s USD $50,000 F1® Innovation Prize at the FORMULA 1 PIRELLI 2018 UNITED STATES GRAND PRIX in Austin.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/19/flix.jpg?itok=OGsLbI9R
FLIX FIRST SCREENING: &flix makes October spookier with the multi-city theatrical premiere of Goosebumps 2: Haunted Halloween

&flix, the all-new destination for the most-awaited Hollywood blockbusters, brings the much-anticipated sequel Goosebumps 2: Haunted Halloween on Thursday, October 25

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/19/ganga.jpg?itok=rFc6bFbm
BIG Ganga Goes All Out to Delight Its Audience This Festive Season, Launches Engrossing Range of Shows

With the festive season right around the corner, BIG Ganga, the number one Bhojpuri channel in the Hindi heartland

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/19/timw.jpg?itok=wzCjtez_
Time Maharashtra.....Feel The Pulse of Maharashtra

Viasys Digital Network Pvt. Ltd, under the leadership of founder chairman Mr. Sudesh Bhosle brings together a blend of Media and IT skills bagged by a deep understanding of Global Media.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/19/epic.jpg?itok=nRQuwY9P
EPIC CHANNEL TO CELEBRATE DUSSEHRA WITH A DAY-LONG LINE-UP OF FESTIVE PROGRAMMING

As the country gears up to celebrate the symbolic victory of good over evil, EPIC makes the day special for their viewers by airing special programming for the festival of Vijayadashami.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/18/FY18.jpg?itok=O5w2knJ_
A+E Networks | TV18 launches FYI TV18 HD

AETN18, the joint venture between A+E Networks and Network18 has planned to launch the high definition (HD) version of the contemporary lifestyle entertainment channel—FYITV18 on 18 October 2018.

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/18/Mehul_Kapadia.jpg?itok=8ov9ErjP
Tata Communication, European Tour show how VR can transform golf

The European Tour and Tata Communications have completed the world’s first test of live 360° video in 8K Ultra High Definition – the highest resolution in digital television on 16 October 2018.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/18/week%2041.jpg?itok=dlmdEXYB
Kids most benefited genre in Chrome DM week 41

MUMBAI: With a growth of 0.72 per cent as compared to last week (40), the kids genre marked the highest opportunity to see (OTS) among all categories in week 41 of Chrome Data Analytics & Media. In the kids genre, Nickelodeon gained the highest OTS with 91 per cent in All India 1 Lakh+ market....

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories