CBS to purchase Network Ten in Australia

The Receivers and Managers (Christopher Hill, Phil Carter and David McEvoy of PPB Advisory) and the Voluntary Administrators (Mark Korda, Jarrod Villani and Jenny Nettleton of KordaMentha Restructuring) of Ten Network Holdings Limited have announced that wholly owned entities of the New York Stock Exchange-listed CBS Corporation have entered into a binding transaction document to acquire the business and assets of Network Ten.

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Sky buys stake in reborn Chrysalis television production company

Sky has taken a substantial stake in the reborn Chrysalis television production company that will fund the creation of a slate of new dramas. Chrysalis Vision was set up by the former management team behind Chrysalis Television, one of the original “super indies” in the production sector that developed long-running shows including Midsomer Murders and Doc Martin. The original business was sold in 2003 as the former Chrysalis media empire was dismantled and became All3Media, which was acquired by Liberty Global and Discovery in 2014 for £500m

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Questions emerge about ITV’s future as takeover talk grows

ITV paid a reported £50m to lure the The Voice away from The BBC in 2015 but it was the purchase earlier in the year of Talpa Media, the Dutch production company that created The Voice, that represents the longer-term investment for the future. But as Mr Crozier enters his seventh year in charge at ITV, questions are beginning to emerge about the long-term direction of the company and Mr Crozier’s own future

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Liberty tunes out of ITV takeover bid

The chief executive of Virgin Media has rejected speculation that its parent company, the pan-European cable empire Liberty Global, could seize on weakness in ITV’s share price to mount a takeover bid for Britain’s biggest commercial broadcaster.

Tom Mockridge told the Sunday Telegraph that Liberty had “enough to do as it is” without wading further into programming. Liberty owns 9.9pc of ITV and has bought the equivalent commercial broadcaster in Ireland, fuelling speculation that it is lining up an approach for ITV.

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Why does AT&T want to buy Time Warner

Time Warner would give a competitive advantage over rivals such as Verizon, T-Mobile US and Sprint with a so-called “vertical integration” strategy, allowing it to use its internet and telecoms services to distribute Time Warner’s film and television portfolio

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Peppa Pig owner Entertainment One rejects ITV’s £1bn takeover approach

been rebuffed in a £1bn takeover offer for Entertainment One (eOne), owner of hit children’s TV show Peppa Pig, as it looks to extend an acquisition spree aimed at reducing its reliance on volatile advertising income. Canadian film and TV producer and distributor eOne said it had received and rejected a preliminary proposal to buy the company for 236p a share, or £1.01bn in total

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Samantha Cameron’s stepfather in line for slice of £40m windfall after sale of firm behind Octonauts

Samantha Cameron’s stepfather is in line to share a £40million windfall after selling part of the TV production business behind hit children’s show Octonauts. Viscount William Astor will split the cash with media mogul Lord Waheed Alli thanks to a deal which valued their firm Silvergate Media at between £70million and £80million. Shamrock Capital Advisers – a […]

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Media barons Bollore and Berlusconi team up to battle Netflix and Sky in £1.25bn bet on streaming future

Silvio Berlusconi and Vincent Bollore, two of Europe’s most powerful media barons, have agreed a €1.75bn (£1.25bn) pact to create a European rival to Netflix and stronger continental opposition to Sky. The deal is expected to be approved this evening by the directors of Mr Berlusconi’s TV company Mediaset. It will see Mr Bollore’s French media giant Vivendi take full control of Mr Berlusconi’s Mediaset Premium. The loss-making pay-TV arm owns rights to top-flight Italian football and competes with Sky Italia

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Richard Desmond sells his adult TV channels

Richard Desmond has sold his adult TV business, including the Television X and Red Hot channels, severing his last link with the adult entertainment industry that helped the Daily Express and Daily Star owner make his fortune. Desmond’s company, Northern & Shell, announced on Friday it had sold its adult broadcasting arm, Portland Television, in […]

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