Poland-based digital cable firm Multimedia Polska bought cable operator Telektronik from Reda for an undisclosed amount, making way for the addition of new services to its current portfolio.
News/Media
NBC Universal picks up minority stake in New York startup NowThis News
New York, US-based news giant NBCUniversal News Group announced a minority investment in mobile video news startup NowThisNews to co-produce original short news videos for social sites.
US video hosting firm Brightcove adds Unicorn Media in $49M deal
Massachusetts, US-based video hosting solutions firm Brightcove acquired Arizona-based Internet video solutions provider Unicorn Media Inc in $49-million acquisition deal to facilitate easier distribution of ad-supported video.
Taiwan's Eastern Media International bids for Carlyle's controlling stake in Eastern Broadcasting
Eastern Media International Corp., which currently owns a 30% stake in Eastern Broadcasting Co., is reportedly placing a bid to acquire Carlyle Group's entire 61% stake in Taiwan's largest broadcasting company.
Chinese tycoon Chen Guangbiao dials back New York Times bid, admits offer faces obstacles
Chinese billionaire Chen Guangbiao has dialed back his bid to acquire The New York Times Co. over a week after making his interest public, saying that the level of difficulty is great. Times chairman Arthur Ochs Sulzberger Jr. recently said that the prestigious media company is not for sale.
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Philadelphia Inquirer owners George Norcross III and Lewis Katz, who are at odds over the management of the newspaper company, are pushing it back to the auction block a few years after emerging from a bankruptcy.
45 year-old recycling magnate Chen Guangbiao, whose charity works and publicity stunts are more known rather than his business sense, has claimed that he will be extending an offer to acquire the New York Times Co for $1 billion.
Ezra Klein of The Washington Post's Wonkblog might be leaving the newspaper, said four sources, after his proposed news media venture was rejected by upper management, including owner Jeff Bezos.
TV and film company 21st Century Fox on Thursday announced that it would put up for sale its 47% stake in Star China TV for an undisclosed sum. The said stake will be bought by private equity firm China Media Capital and the TV channel operator's management.
After leaving digital news publication AllThingsD with owner News Corp, editors and founders Kara Swisher and Walt Mossberg are focused on building its newest online news site venture called Re/code.
New York-based mass media company AOL Inc. reportedly sold media player Winamp and music service Shoutcast to Belgian online radio stations aggregator Radionomy. The deal is expected to be closed by the end of the week, said a TechSpot report.
Northern & Shell, the owner of Channel 5 Broadcasting Ltd., is reportedly considering to put up the TV broadcaster for sale for £700 million. Northern & Shell acquired Channel 5 for £103.5 million in 2010.
A regulatory filing showed that Ozy Media, a daily digital news startup co-founded by Carlos Watson and launched in September, raised $5.3 million, the San Francisco Business Times reported.
Illinois, Chicago-based multimedia corporation Tribune Co has completed its $2.73-billion acquisition of television broadcasting firm Local TV after emerging from a four-year Chapter 11 bankruptcy in December.
